Current Gdp/federal Deficit Using Only.gov Websites Report The

Using only.gov Websites report the current GDP, the current Federal deficit, the current Federal debt, the bottom line of the current (last) budget approved by Congress (surplus or shortage). Note that the fiscal year for the federal government is October 1 – September 31.What inference can you draw from the numbers collected?The Gross Domestic Product (GDP) in the United States was worth 17,419 billion US dollars in 2015. In FY 2015 the federal deficit was $439 billion while at the end of FY 2015 the federal debt was $18.2 trillion. At the end of FY 2016 federal debt is budgeted to be $19.3 trillion. The bottom line of the current budget approved by Congress has a shortage of $506 billion (US Department of Commerce: Bureau of Economic Analysis, 2014).The 2015 deficit came in at $439 billion, or 2.5% of the size of the economy. The budget deficit is relatively small. This means the government had to source little external funding to cover the deficit. Since the principal method of deficit financing is issue of government bonds there will be less necessity to sell larger supply of bends. As the supply of government bonds reduces their prices will tend to rise