Real-Time Data Analysis Exercise* Federal Government Budget in fourth quarter of 2024
Item
Amount (billions of dollars)
Tax revenues
5,224.2
Outlays
7,109.9
Transfer payments and debt interest
5,185.2
Expenditure on goods and services
1,924.7
Balance
-1,885.7
Use the information in the table above to identify and label the lines in the graph. Draw a point on the red line and label it. Draw a point on the blue line and label it. Draw a double arrow line to show the deficit and label it. Draw only the objects specified in the question.
*Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis.
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