Which of the following statements characterizes government transfer payment spending in the United States between 1960 and 2007?
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 more than doubled 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:
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Q2: Which of the following statements characterizes government
Q8: Taxes assessed on firms and employees on
Q8: Government tax and expenditure policies affect real
Q9: All of the following are instruments of
Q10: Transfer payments typically
A) rise during expansionary periods.
B)
Q11: State and local tax receipts are dominated
Q13: The bulk of transfer payment spending in
Q17: The bulk of federal receipts come from
A)
Q18: The government purchases component of aggregate demand
Q182: The government has a budget deficit if:
A)its
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