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| Access the department of Finance website at www.fin.gc.ca. “Follow the link “Economic and Fiscal Info” to the Fiscal Reference Tables. Open the latest issue of the Fiscal Reference Tables and find the table providing data on actual and cyclically adjusted budget balances for the federal government. Compare these values for the years 1988 and 1998. What does the size of the actual budget balance relative to the size of the cyclically adjusted budget balance imply about the state of the economy in each of those years? |
