Which of the following is true?
A)The government purchases share of GDP is currently less than what it was during World War II.
B)The government purchases share of GDP is currently greater than what it was during World War II.
C)The consumption share is currently at the same level it was at during World War II.
D)The net export share of GDP has been positive for the past 25 years.
E)The government purchases share has remained constant over the past 25 years.

Question

Quizplus · Accepted Answer

During World War II, the government purchases share of GDP was significantly high as the government spent heavily to support the war effort. However, currently, the government purchases share of GDP is lower than what it was during World War II, indicating a decrease in government spending in proportion to the overall economy.

Which of the Following Is True