Federal, state, and local taxes
A)have been falling as a share of GDP since the 1970s.
B)have been increasing as a share of GDP since the 1970s.
C)are about a quarter of GDP.
D)are about one-third of GDP.

Question

Quizplus · Accepted Answer

Federal, state, and local taxes in the United States have generally been around a quarter of GDP, fluctuating slightly over the years but remaining close to this proportion.

Federal, State, and Local Taxes