Compared to other industrialized nations around the globe, defense spending as a percentage of GDP is
A) substantially higher than that of the next highest nation.
B) somewhat higher than France and the United Kingdom but much less than Germany and Japan.
C) somewhat higher than France and the United Kingdom and much higher than Germany and Japan.
D) lower than France, the United Kingdom, Germany or Japan.
Correct Answer:
Verified
Q31: Mandatory spending makes up
A)well under half of
Q32: Crowding out is an example of
A)opportunity cost.
B)correlation
Q33: The percentage of the federal budget devoted
Q34: The largest single item in the Federal
Q35: Discretionary Spending makes up
A)just over 30% of
Q37: Generally, economists believe that crowding out is
A)complete;
Q38: Projections of the trajectory of discretionary relative
Q39: Which of the following is part of
Q40: Crowding out is the idea that when
A)government
Q41: Federal spending as a percentage of GDP
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