In 2012, the combined expenditures of federal, state, and local governments in the United States were approximately 38 percent of gross domestic product (GDP). Approximately what percentage of GDP were government expenditures in 1930?

Question

Quizplus · Accepted Answer

In 1930, government expenditures in the United States were approximately 9 percent of GDP, reflecting a much smaller government role in the economy compared to 2012.

In 2012, the Combined Expenditures of Federal, State, and Local