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The Accompanying Table Shows the Cyclically Adjusted Budget De?cit as

Question 264

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 Year  Deficit it as a % of GDP 11.5%21.432.041.851.5\begin{array} { | c | c | } \hline \text { Year } & \text { Deficit it as a \% of GDP } \\\hline 1 & 1.5 \% \\\hline 2 & 1.4 \\\hline 3 & 2.0 \\\hline 4 & 1.8 \\\hline 5 & 1.5 \\\hline\end{array} The accompanying table shows the cyclically adjusted budget de?cit as a percentage of GDP over a ?ve-year period. In which year was ?scal policy turning more expansionary?


A) Year 2
B) Year 3
C) Year 4
D) Year 5

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