10. The Deficit Dilemma 12-38 Deficits and Surpluses: The Record Copyright 2002 by The McGraw-Hill Companies, Inc. All rights reserved. The Federal Budget Deficit, Fiscal Years 1970-2001 Deficits Surpluses
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21. The Federal Budget Deficit & The Business Cycle The budget deficit as a percentage of GDP tends to rise during recessions (indicated by shaded areas) and fall during expansions. These Deficits help end the recessions
28. The Public Debt 12-49 Copyright 2002 by The McGraw-Hill Companies, Inc. All rights reserved. National Debt, 1975-2000 Economic Report of the President, 2000