Asked by
Loveleen Sandhu
on Dec 11, 2024Verified
Which of the following is accurate regarding government expenditures in the United States?
A) The federal government spends considerably more than state and local governments combined.
B) The federal government spends more than local governments but less than state governments.
C) Local governments spend more than state governments, which in turn, spend more than the federal government.
D) Since 1930, total government expenditures as a share of GDP have declined.
Government Expenditures
The total amount spent by the government on goods, services, and public projects.
State and Local Governments
Governmental authorities below the national level, responsible for local administration and governance within their respective areas.
- Illuminate the causes that have led to a rise in the proportion of government expenditure to GDP through the years.
Verified Answer
SS
Learning Objectives
- Illuminate the causes that have led to a rise in the proportion of government expenditure to GDP through the years.
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