In 1999, the Congressional Budget Office projected forecasts of the budget surplus to be somewhere between 2 and 3 percent of GDP in the next ten years. Now, the economy has entered a recession, and the government has pledged to flight a prolonged war on terrorism. How is the forecast likely to change?© BrainMass Inc. brainmass.com October 24, 2018, 8:20 pm ad1c9bdddf
As the government has pledged to fight a prolonged war on terrorism, the government has to increase the amount of money to be used by their ...
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How the Congressional Budget Office DOESN'T Calculate GDP
Does the Congressional Budget Office calculate GDP by simply adding up the sales of all business firms in one year, in other words, do they add up all the transactions in an economy? Explain and justify your answer. Please provide examples to support your claim.View Full Posting Details