Asked by
Nitchakan Lertmanakul
on Oct 13, 2024
Verified
Which statement is true?
A) Our foreign aid to our friends,allies,and many of the poorer countries of the world comes to nearly five percent of our GDP.
B) Total federal government spending (purchases plus transfer payments) totals almost $1 trillion.
C) Defense spending accounts for about one out of every three dollars the federal government spends.
D) Our foreign aid to our friends,allies,and many of the poorer countries of the world comes (according to the Author) to "chump change".
Foreign Aid
Financial, technical, or material support given by one country to another, often for development projects, humanitarian aid, or to foster diplomatic relationships.
GDP
Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period, a primary indicator of an economy's health.
Federal Government
The national government of a federal system, possessing powers enumerated by its constitution.
- Examine the connection between fiscal policies and various segments of the economy, such as consumer spending, capital investment, and governmental expenditures.
Verified Answer
KI
Learning Objectives
- Examine the connection between fiscal policies and various segments of the economy, such as consumer spending, capital investment, and governmental expenditures.