Based on the information the ratio between the deficit and gdp as a percentage is 2.41%.
Ratio between the deficit and gdp:
Using this formula
Ratio between the deficit and gdp=Annual federal deficit/Gross domestic product×100
Where:
Annual federal deficit=$350 billion
Gross domestic product=$14,500 billion
Let plug in the formula
Ratio between the deficit and gdp=$350 billion/$14,500 billion×100
Ratio between the deficit and gdp=2.41%
Inconclusion the ratio between the deficit and gdp as a percentage is 2.41%.
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