Total U.S. government expenditures as a percentage of GDP were largest during which of the following periods of time?
a. The Great Depression.
b. World War II.
c. The Vietnam War.
d. The Energy Crisis of the mid- and late-1970s.
b
Economics
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Suppose X - M = net exports; T - G = government sector balance; and S - I = private sector balance. What relationship exists among these variables?
A) (X - M ) + (T - G ) + (S - I ) = 0 B) (X - M ) = (T - G ) + (S - I ) C) (T - G ) + (X - M ) = (S - I ) D) (T - G ) = (X - M ) + (S - I )
Economics
Refer to Scenario 10.2. What level of output maximizes total revenue?
A) 0 B) 90 C) 95 D) 100 E) none of the above
Economics