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24 November, 20:39

What would happen to the budget deficit if the (

a. gdp growth rate jumped from 2 percent to 4 percent?

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  1. 24 November, 20:48
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    Budget deficit is expressed in terms of monetary numbers or as a percentage of deficit to the gross domestic product (GDP). In other words, these two are inversely proportional. So, if the GDP growth rate increases from 2 to 4 percent, thus there is less budget deficit.
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