In 2017, the Congressional Budget Office forecast that real GDP would grow at an average annual rate of ________ for the years 2017-2027

Which of the following statements is true?

A) Savings of households are independent of tax rates. B) Higher interest rates typically encourage more savings. C) An increase in the consumption of households increases savings of the households. D) Households that expect an increase in future earnings are likely to save more.

Total government spending in the U.S. economy was around _____ of the GDP in the financial year 2010

a. 5 percent b. 36 percent c. 25 percent d. 44 percent e. 16 percent