Find ratio of annual federal government current tax receipts

Reference no: EM132196690

Question: The data required for this problem can be found at the Federal Reserve Economic Database (FRED).

1. Calculate the ratio of annual Federal government current tax receipts to that of U.S. GDP for 1960-2015. Has this ratio increased or decreased over time?

2. Calculate the ratio of annual Federal government total expenditures to that of U.S. GDP for 1960-2015. Has this ratio increased or decreased over time?

3. Calculate the Federal government budget surplus or deficit as a percentage of U.S. GDP for 1960-2015. Is this ratio consistent with your answers in (1) and (2)?

Reference no: EM132196690

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