Over the last 50 years,federal,state,and local governments have
A) increased their expenditures faster than the growth in total output.
B) gradually but steadily declined in importance in economic matters.
C) demonstrated a movement toward significant public ownership of the means of production.
D) moved increasingly toward nationalization of the defense industry.
E) appreciably expanded public ownership in the electric power industry.

Question

Quizplus · Accepted Answer

Data shows that government expenditures (particularly at the federal level) have grown at a faster rate than the growth in total output (i.e. GDP) over the past 50 years. This can be attributed to various factors such as increased spending on social programs, rising costs of healthcare, and growing defense spending.

Over the Last 50 Years,federal,state,and Local Governments Have