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9 October, 00:15

Identify any 5 macroeconomic objective in 2019 budget

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  1. 9 October, 00:19
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    For the U. S. 2019 budget:

    Deficit: keeping deficit between 4.1 and 4.7 percent of GDP.

    Debt: debt will continue to grow steadily, but it should be no more than 93 percent of GDP by 2029.

    Government revenue: federal government revenue should be 16.5 percent of GDP.

    Spending: Federal outlays should sit at 20.8 percent of GDP.

    Economic performance: Real GDP should grow by 2.3 percent of GDP.
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