Total government spending (federal, state, and local) sums to approximately:
A) 10 percent of the U.S. economy.
B) 20 percent of the U.S. economy.
C) one-third of the U.S. economy.
D) one-half of the U.S. economy.

Question

Quizplus · Accepted Answer

Total government spending in the U.S. typically accounts for about one-third of the GDP, encompassing federal, state, and local expenditures.

Total Government Spending (Federal, State, and Local) Sums to Approximately