Which of the following is a valid characteristic of the U.S.economy over the last sixty years?
A)Investment is smoother than most of the other components of GDP,especially consumption.
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 surplus which has trended upward to over 5% of GDP.
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Government spending has remained around 20% of GDP over much of the postwar period is a valid characteristic of the U.S. economy over the last sixty years. A is incorrect as investment has been more volatile than consumption. C is incorrect as the U.S. has been running a trade deficit for much of the last sixty years. D is incorrect as only one option is valid.

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