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Question regarding the government of anchovy

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Reference no: EM131043416

In 2001 the government of Anchovy collected receipts of $100 billion and had expenditures of $125 billion. Its GDP was $400 billion. The government's deficit was what percent of GDP in 2001?

A) 6.25%

B) 12.50%

C) 25.00%

D) 100.00%

Reference no: EM131043416

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