Anyone good at ECON?

[dtmcnamara]

Well here is my question i have to answer by monday....any help would be appreciated... THANKS

What are the CBO projections for standardized (full-employment) deficits or surpluses (on budget) as a percentage of GDP over the next 10 years? Do the projected full-employment budget deficits or surpluses represent contractionary or expansionary fiscal policy? How might congressional actions, changes in the economy, or both, alter the actual budget outcomes?

[Lucky DAWG]

down

the answer is down

[dtmcnamara]

i was guessing c but down is good too

[Hulud]

Republicans

[phongt12]

i'd help you, but i only know micro-economics, no macro lol.

[GIXXERDK]

I hated Macro

[Frög]

i didnt learn this in micro or macro.. wtf? this is like 2100 or 2200 level right?

[Lucky DAWG]

i took AP micro and AP macro last year.
i knew all of that stuff except we never once mentioned CBO Projections, which was the key part of that entire question lol

[SniperJoe]

http://www.cbo.gov/

This doesn't seem to be that difficult. All it is asking you is to give them the CBO numbers as far as defecit or surplus in the overall budget from the point of view of the GDP. Then tell them what kind of fiscal policy that is (either growing things or shrinking things) and then finally, how may congress or the economy change that?