Total government spending (federal, state, and local) sums to approximately
A) 10 percent of the U.S. economy.
B) 20 percent of the U.S. economy.
C) 40 percent of the U.S. economy.
D) 50 percent of the U.S. economy.
Correct Answer:
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Q1: Since 1960, the share of federal spending
Q3: Real (adjusted for inflation) federal spending per
Q4: Which of the following is true about
Q5: Compared to the situation prior to 1980,
Q6: During the last four decades, the composition
Q7: In 1960, more than half (52 percent)
Q8: Government expenditures for Social Security and unemployment
Q9: In 1960, spending on income transfers and
Q10: During the last four decades, defense expenditures
Q11: Given the current structure of the Social
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