Currently, total government expenditures in the United States have totaled about:
a. one-tenth of GDP.
b. one-fifth of GDP.
c. 40 percent of GDP.
d. one-half of GDP.
c
Economics
You might also like to view...
Which of the following would cause an increase in the supply of smartphones?
a. An increase in the price of smartphones b. A movement toward the use of laptops by people c. A reduction in the cost of producing smartphones d. An increase in the minimum wage
Economics
The portion of the Obama stimulus package that provided unemployment benefits for longer than the usual 26 weeks is best thought of as
A. discretionary (and contractionary) fiscal policy. B. discretionary (and expansionary) fiscal policy. C. monetary policy. D. nondiscretionary fiscal policy.
Economics