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LaQwana Smith
on Dec 11, 2024

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Between 1930 and 1980, government expenditures as a percent of GDP in the United States

A) more than tripled.
B) remained constant at 10 percent.
C) declined from 30 percent to 20 percent.
D) increased from 30 percent to 40 percent.

Government Expenditures

Financial spending by the government sector, including spending on infrastructure, public services, defense, and social programs.

Gross Domestic Product (GDP)

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period, serving as a broad measure of overall domestic production.

  • Elucidate the factors contributing to the increase in government spending relative to GDP over time.
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FP
Faith PattersonDec 13, 2024
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