Question

*Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis.

Using the data from FRED, enter the values for the Federal Surplus or Deficit and Annual GDP for the past 5 years for the following series IDs.

(Enter

your responses exactly as they appear in

FRED.)

Year	FYFSD	GDPA
2019	$negative 984155 million	$21433.22621433.226 billion
2018	$negative 779137 million	$20611.86120611.861 billion
2017	$negative 665446 million	$19542.98019542.980 billion
2016	$negative 584651 million	$18745.07518745.075 billion
2015	$negative 441960 million	$18238.30118238.301 billion

Using the data above, calculate the deficit as a percent of GDP for the past 5 years.

(Enter

your responses rounded to two decimal places. Use the absolute value for the

percent.)

Year	Deficit Percent of GDP
2019	nothing%
2018	nothing%
2017	nothing%
2016	nothing%
2015	nothing%

Enter your answer in the edit fields and then click Check Answer.

Answer 1

Year 2019:

GDPA = ​$21433.226 billion

FYFSD = -984155 million = -$984.155 billion

Deficit as a percent of GDP

=​ $21433.226 billion * X% = -$984.155 billion

X% = (-) 4.59%

Year 2018:

GDPA = ​​$20611.861 billion

FYFSD = -779137 million = -779.137 billion

Deficit as a percent of GDP

=​ ​​$20611.861 billion* X% = -779.137 billion

X% = 3.78%

Year 2017:

GDPA =19542.980 billion

FYFSD = - 665446 million = - 665.446 billion

Deficit as a percent of GDP

=​ 19542.980 billion* X% = - 665.446 billion

X% = 3.40%

Year 2016:

GDPA = 18745.075 billion

FYFSD = - 584651 million = - 584.651 billion

Deficit as a percent of GDP

=​ 18745.075 billion* X% = - 584.651 billion

X% = 3.11%

Year 2015:

GDPA = 18238.301 billion

FYFSD = - 441960 million = - 441.960 billion

Deficit as a percent of GDP

=​ 18238.301 billion* X% = - 441.960 billion

X% = 2.42%