The ratio of U.S. government spending as a percentage of GDP over time shows all of the following except:
A) before the Great Depression, federal spending was about 3% of GDP.
B) by the end of the Great Depression, federal spending was about 10% of GDP.
C) the ratio was highest during World War II, when federal spending was 45% of GDP.
D) today federal spending is about 25% of GDP.
E) None - all of these are true.
Correct Answer:
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