Exhibit 17-1: Global Comparison of Government Surpluses and Deficits as a Percentage of GDP, 2016
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Country Surplus (+) or Deficit (-) as a percent of GDP Canada -1.10 Iceland 12.57 Latvia 0.06 Norway 3.99 Spain -4.51 United States -4.94?
Given the information in Exhibit 17-1, which of the countries shown was closest to balancing its budget?
A. Iceland
B. Latvia
C. Norway
D. United States
Answer: B
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