Macro-economy Article Review



Macro-economy Article Review

Introduction

Three large anxieties in today's economy are the government budget deficit, gross domestic product (GDP), and government spending. In this paper we investigated the article "Federal deficit below last year's record" (2005), written by Andrew Taylor to reconsiders the American government's figures and what they means for the nation's financial future.

 

Article Review

Andrew Taylor states that the federal deficit strike $319 billion for the budget year just ended; down from last year's record red ink though a rush in Katrina-driven expending intimidates to propel it up again (Andrew Taylor, 2005). He proceeds on in the ...