Name the largest budget deficit country, Macroeconomics

Assignment Help:

Name the largest budget deficit country

In 2009 Greece was eurozone country with largest budget deficit (about 16.0% of GDP), while Finland was the country with the smallest budget deficit (about 2.5% of GDP). The difference as a percentage of GDP was 13.5%.

A significant aspect of the data is that no eurozone country managed to run a budget surplus in 2009 (all were in deficit), while in 2007 (last year of the long boom which had begun in 1990s), four countries enjoyed surpluses. These were Germany, Ireland, Spain and Finland, with Finland's surplus being the largest at around 5.5% of GDP.

 


Related Discussions:- Name the largest budget deficit country

Define price elasticity of demand, Suppose the price elasticity of demand f...

Suppose the price elasticity of demand for used cars is estimated to be 3 what does this mean?

Process to calculate gross domestic product, process to calculate gross dom...

process to calculate gross domestic product We just include finished goods and services - which is, anything that is sold directly to consumer. Electric power sold to a steel m

International Trade, How can an economy achieve mutual gain from Internatio...

How can an economy achieve mutual gain from International Trade?

What is the malthusian theory on population, If population growth carry on ...

If population growth carry on then there will not be sufficient resources around for everyone this will lead to an event such as famine / war, which will decrease the population.

Threaten the formal right to give blood, Singer suggests that although the ...

Singer suggests that although the right to sell blood does not threaten the formal right to give blood, it is incompatible with "the right to give blood, which cannot be bought, wh

Illustrate opportunity cost of producing extra units, If the opportunity co...

If the opportunity cost of producing extra units of one good (expressed in terms of the amount of another good that is sacrificed) remains constant, then the shape of the productio

Explain negatively impacted productivity of the project, Describe your most...

Describe your most positive experience in working on a group project in which the group's cohesiveness led to greater work productivity. Have you experienced a situation that was j

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd