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2016•Unpublished venueRequires access

The Federal Budget Deficit and the Business Cycle

Grant A. Driessen, Marc Labonte

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Abstract

This report discusses the annual federal budget deficit, which has fallen significantly over the course of the current economic expansion, from a high of 9.8% of gross domestic product (GDP) in FY2009 to 3.2% of GDP in FY2016

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What this paper is about

This report discusses the annual federal budget deficit, which has fallen significantly over the course of the current economic expansion, from a high of 9.8% of gross domestic product (GDP) in FY2009 to 3.2% of GDP in FY2016

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Available abstract

This report discusses the annual federal budget deficit, which has fallen significantly over the course of the current economic expansion, from a high of 9.8% of gross domestic product (GDP) in FY2009 to 3.2% of GDP in FY2016

Key concepts: Federal budget, Gross domestic product, Deficit spending, Business cycle, Economics, Real gross domestic product, Current account, Product (mathematics)

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