Which of the following statements characterizes government transfer payment spending in the United States between 1960 and 2011?
A) Transfer payment spending by the federal government and by state and local governments has decreased as a percentage of GDP.
B) Transfer payment spending by the federal government and by state and local governments has about tripled as a percentage of GDP.
C) Transfer payment spending by the federal government and by state and local governments has remained constant as a percentage of GDP.
D) Transfer payment spending by the federal government and by state and local governments has fluctuated widely over this period.
Correct Answer:
Verified
Q2: The government has a balanced budget if
A)
Q6: All of the following are examples of
Q7: Which of the following statements is true
Q7: Government tax and expenditure policies that affect
Q10: Transfer payments typically
A) rise during expansionary periods.
B)
Q12: The government has a budget surplus if
A)
Q13: The bulk of transfer payment spending in
Q15: The three major categories of government spending
Q16: Payments to households that do not require
Q182: The government has a budget deficit if:
A)its
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