The Effect of State and Local Government Spending on GDP
What will be an ideal response?
While much of the debate about government spending in the United States focuses on the federal level, changes in government spending at state and local levels can also have a significant impact on the macroeconomy. The U.S. Bureau of Economic Analysis (BEA) has developed economic models that attempt to isolate the impact of state and local government spending on GDP (CHAPTER 10 PAGE 238)
Economics
You might also like to view...
Who stands to gain as a result of unanticipated inflation?
A) creditors B) debtors C) persons living on a fixed income D) retired individuals
Economics
A creative entrepreneur is one who knows how to
a. Run a business b. Escape the burden of taxes c. Profitably exploit money making opportunities d. All of the above
Economics