In 2018, the federal government spent $4.1 trillion and brought in revenue of $3.3 trillion. a. Is this a budget deficit or surplus, and what is its size? This is a budget surplus deficit Size: $ trillion b. If net government debt in 2018 was $15.8 trillion, what will it be in 2019? Net government debt2019: $ trillion c. GDP in 2018 was $20.2 trillion and $21.3 trillion in 2019. How has the debt-to-GDP ratio changed from 2018 to 2019? Between 2018 and 2019, the debt-to-GDP ratio slightly. fell/rose
