When the share of government spending in GDP increased in the United States during World War II
A) investment's share of GDP fell. B) investment's share of GDP increased.
C) government spending was crowded out. D) consumption's share of GDP increased.
A
Economics
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According to the quantity theory of money, if the money supply grows at 20 percent and real GDP grows at 5 percent, then the inflation rate will be
A) 15 percent. B) 20 percent. C) 25 percent. D) 100 percent.
Economics
If Joey goes surfing for four hours instead of earning $10 per hour for those four hours, his opportunity cost is
A) the good time spent surfing. B) the cost of gasoline used to get to the beach. C) the travel time to the beach. D) $40.
Economics