Which of the following is true regarding government expenditures in the United States?
A) As a share of GDP, government expenditures were higher in 1950 than 2012.
B) Government expenditures were more than 30 percent of GDP in 1930.
C) Government expenditures as a share of GDP grew rapidly between 1930 and 1980.
D) In 2012, government expenditures at all levels summed to approximately 10 percent of GDP.
Correct Answer:
Verified
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