US deficit compared to gdp

Self-tutoring: old-time economics students like to track certain relationships. The tutor mentions the US deficit vs GDP.

For 2018, the US deficit is estimated at $804B, while its GDP is around 19.4T.

In percent, the deficit to GDP is 804 000 000 000/19 400 000 000 000 or 4.1%.

Back in April, the Congressional Budget Office offered 4.2% to estimate the 2018 deficit/gdp.

Source:

www.cbo.gov

tradingeconomics.com

Jack of Oracle Tutoring by Jack and Diane, Campbell River, BC.

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