In developed nations, the ratio of government expenditure as a percentage of GDP now stands at five times its World War I level.

Question

Quizplus · Accepted Answer

According to data from the World Bank, the ratio of government expenditure as a percentage of GDP in developed nations was around 10-15% during World War I, while in recent years it has been around 50-60%. This means that government expenditure as a percentage of GDP is now five times higher than it was during World War I.

In Developed Nations, the Ratio of Government Expenditure as a Percentage