In the United States, government purchases, as a percentage of real GDP, have generally declined since the 1960s.

Question

Quizplus · Accepted Answer

This statement is true. According to data from the Bureau of Economic Analysis, government purchases as a percentage of real GDP peaked in the late 1960s and have since declined. As of 2019, government purchases accounted for approximately 17% of real GDP, down from a peak of over 20% in the late 1960s.

In the United States, Government Purchases, as a Percentage of Real