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Earn +20 ptsQ: What is the percentage of deficit to GNP in the US?
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Continue Learning about American Government
How much is the US deficit in 2007?
For 2007, the budget deficit totaled $162 billion, a five-year low.
What is the main cause for US debt?
At its simplest definition, if the government spends more then it gains, in a single year, then it has, what is called a 'budget deficit'. If there is a deficit, it adds to the US debt.
Did the US have a federal deficit or surplus in 1998?
The United States had a federal surplus in 1998. There was a surplus until 2001, but after 2001, the country has had a national deficit.
What country has the Lowest GNP in America?
Bolivia
What percentage of US senators have passports?
40%
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