Which is true of total federal spending relative to GDP?

a. It is the most commonly used measure of the size of government.
b. There really is no upper limit to the ratio of total government spending to GDP.
c. It has steadily increased over the last 50 years.
d. All of the above are correct.
e. Only a and c are correct.

d. All of the above are correct.

Economics

You might also like to view...

If the discount rate increases

A) NPV does not change. B) NPV rises. C) NPV falls. D) investment also increases.

Economics

Think of the quantity theory of money: If V = 5, P = 100, and Q = 10, then M is

a. 20 b. 10 c. 500 d. 1,000 e. 200

Economics