Which of the following statements best describes government expenditure patterns?
A) The government's share of total economic activity has generally decreased since 1950.
B) Most of the growth in government expenditures as a percentage of GDP is due to rapidly growing federal government transfer programs.
C) Government expenditure as a share of GDP has fluctuated wildly depending on which political party is in control.
D) Most of the growth in government expenditures as a percentage of GDP is due to rapidly growing national defense programs.
Correct Answer:
Verified
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Q3: Government expenditures as a share of the
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A) Medicare, Social Security,
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Q7: Suppose fairness is defined as those with
Q8: At the federal level, the single most
Q9: Which of the following countries devote the
Q10: Measured as a share of the economy,
Q11: Which of the following categories accounted for
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