When compared with other governments around the world, government spending in the United States as a percentage of GDP_____
a. is generally lower than similar countries
b. is generally higher than similar countries
c. is about average relative to similar countries
d. is impossible to compute because of differences between countries
a
Economics
You might also like to view...
For each of the following values of nominal GDP and real GDP, calculate the GDP price index
a. Nominal GDP = $600; real GDP = $800. b. Nominal GDP = $900; real GDP = $900. c. Nominal GDP = $1,200; real GDP = $1,000.
Economics
Food stamps provided by the government to households are an example of
A) vouchers. B) marginal benefits from producing a good or service. C) marginal cost from producing a good or service. D) marginal external cost. E) a government good.
Economics