Solved: Federal Debt The following data represent the
Chapter 2, Problem 19E(choose chapter or problem)
Problem 19E
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 GDP |
Year |
Debt as % of GDP |
1991 |
61.17 |
2001 |
56.46 |
1992 |
64.09 |
2002 |
58.52 |
1993 |
66.17 |
2003 |
60.88 |
1994 |
66.23 |
2004 |
62.18 |
1995 |
67.08 |
2005 |
62.77 |
1996 |
66.66 |
2006 |
63.49 |
1997 |
64.97 |
2007 |
63.99 |
1998 |
62.84 |
2008 |
69.15 |
1999 |
60.47 |
2009 |
83.29 |
2000 |
57.02 |
2010 |
94.27 |
Source: http://www.usgovernmentspending.com/federal_debt_chart.html |
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