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In 2001 the Government of Anchovy Collected Receipts of $100

Question 43

Multiple Choice

In 2001 the government of Anchovy collected receipts of $100 billion and had expenditures of $125 billion. Its GDP was $400 billion. The government's deficit was what percent of GDP in 2001?


A) 6.25%
B) 12.50%
C) 25.00%
D) 100.00%

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