Which of the following is a valid characteristic of the U.S.economy over the last sixty years?
A)Investment is more volatile than other components of GDP.
B)Government spending has remained around 20% of GDP over much of the postwar period.
C)The U.S.has,for the most part,been running a trade deficit which has trended upward to over 5% of GDP.
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

All choices (A, B, and C) correctly describe characteristics of the U.S. economy over the last sixty years. Investment is indeed more volatile than other GDP components, government spending has hovered around 20% of GDP, and the U.S. has generally run a trade deficit that has increased over time.

Which of the Following Is a Valid Characteristic of the U.S.economy