In 1940, federal government purchases of goods and services equaled roughly _____ of GDP; by 1943, this figure had risen to ________.

Question

Quizplus · Accepted Answer

In 1940, federal government purchases of goods and services were about 8 percent of the GDP. By 1943, during World War II, this figure had dramatically increased to approximately 50 percent of GDP, reflecting the massive mobilization of resources for the war effort.

In 1940, Federal Government Purchases of Goods and Services Equaled