Which of the following statements about annual federal outlays is most accurate?
A) Federal spending as a percentage of gross domestic product has remained at essentially the same level every year since 1960.
B) Federal spending as a percentage of gross domestic product has decreased significantly every year since 1960.
C) Federal spending as a percentage of gross domestic product has increased significantly every year since 1960.
D) Federal spending as a percentage of gross domestic product has experienced significant ups and downs over time.
E) Federal spending as a percentage of gross domestic product has only increased once since 1960.

Question

Quizplus · Accepted Answer

Federal spending as a percentage of gross domestic product has experienced significant ups and downs over time, with periods of increase and decrease. There have been times of increased spending, such as during wars and economic recessions, and times of decreased spending, such as during periods of economic growth and budget surpluses.

Which of the Following Statements About Annual Federal Outlays Is