State and local government expenditure in the United States accounts for about:
A) 31 percent of GDP.
B) 21 percent of GDP.
C) 11 percent of GDP.
D) 7 percent of GDP.
Correct Answer:
Verified
Q28: Nonmarket rationing means that:
A)those willing to pay
Q29: Taxes:
A)are prices paid for the right to
Q30: Government goods and services are usually:
A)not rationed
Q31: Transfer payments by the federal government in
Q32: During which of the following time periods
Q34: The U.S.economy is best characterized as a:
A)pure
Q35: If the economy is operating at full
Q36: About 80 percent of federal receipts are
Q37: Taxes are likely to affect the incentives
Q38: Following the circular flow of a mixed
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