In 2012, direct government purchases equaled ________ percent of expenditures of all levels of government

A) 71
B) 42
C) 26
D) 55


B

Economics

You might also like to view...

The tools of monetary policy are

A) government spending, tax rates, and the required reserve ratio. B) open market operations, differential between the discount rate and the federal funds rate, and the required reserve ratio. C) open market operations, differential between the discount rate and the federal funds rate, and tax rates. D) open market operations, government spending, and the required reserve ratio.

Economics

Use the information below to explain adjustments that move the economy to a long-run equilibrium. Assume that firms and workers have adaptive expectations

The current unemployment rate = 7%. The natural rate of unemployment = 5.5%. Last year's inflation rate = 5%. This year's inflation rate = 4%.

Economics

Which of the following is an example of a perfectly competitive industry?

a. Automobile b. Advertising c. Commodity d. Pharmaceutical

Economics

Charles Murray believed that the antipoverty programs of the 1960s and 1970s

A. drastically reduced the level of poverty. B. slightly reduced the level of poverty. C. had no impact on the level of poverty. D. caused more poverty.

Economics