Federal government expenditures, as a percentage of GDP
A) rose from 1950 to 1991, fell from 1992 to 2001, and have risen from 2001 to the present.
B) rose from 1950 to 1980, fell from 1981 to 2001, and have risen from 2001 to the present.
C) have fallen since the early 1950s to the present.
D) have risen since the early 1950s to the present.
E) rose from 1950 to 2001 and then fell from 2001 to the present.
A
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Is a typical person likely to gather more information when buying a new computer or when voting for a member of the U.S. Senate? Why?
What will be an ideal response?
Suppose everyone in a small town decided to save more and spend less. How will this affect an economy?
a. It will decrease the overall level of income, since one person’s spending is someone else’s income. b. It will have no impact, since a small town makes up a small portion of an economy. c. It will cause the prices of many goods to increase. d. It will increase the overall level of income, since other groups will spend more.