(solution) 3.38 Refer to Exercise 3.38. Another way of judging the size of budget surplus/deficits is to…

(solution) 3.38 Refer to Exercise 3.38. Another way of judging the size of budget surplus/deficits is to…

to Exercise 3.38. Another way of judging the size of budget surplus/deficits is to calculate the deficit as a percentage of GNP. Use the data in Exercises 3.35 and 3.38 to calculate this variable and use a graphical technique to display the results.   3.39    Repeat Exercise 3.39 using the CPI-Annual file to convert all amounts to constant 1982–1984 dollars. Draw a line chart to show these data.