Aggregate expenditure will not equal GDP unless
a. next exports are zero.
b. transfer payments are zero.
c. inventory investment is positive.
d. inventory investment is zero.
e. inventory investment is negative.
D
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Control of water pollution from pesticide runoff in the United States is the responsibility of
a. the U.S. Department of Agriculture b. the Environmental Protection Agency c. state attorneys general d. state departments of agriculture e. state environmental protection agencies
Since 1970, the composition of federal expenditures has:
a. been virtually unchanged, but federal spending as a share of GDP has declined substantially. b. been virtually unchanged, but federal spending as a share of GDP has increased sharply. c. shifted away from national defense and toward spending on income security. d. shifted away from income security income transfers and toward spending on national defense.