Federal Debt The following data represent the percentage of total federal debt as a
Chapter 2, Problem 19(choose chapter or problem)
Federal Debt The following data represent the percentage of total federal debt as a percentage of gross domestic product (GDP). The GDP of a country is the total value of all goods and services produced within the country in a given year. Construct a time-series plot and comment on any trends.Year Debt as %of GDPYear Debt as %of GDP1991 61.17 2001 56.461992 64.09 2002 58.521993 66.17 2003 60.881994 66.23 2004 62.181995 67.08 2005 62.771996 66.66 2006 63.491997 64.97 2007 63.991998 62.84 2008 69.151999 60.47 2009 83.292000 57.02 2010 94.27Source: http://www.usgovernmentspending.com/federal_debt_chart.html
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