By looking at the graph showing growth of government expenditures as a percentage of GDP in the United States from 1929 to 2017, we can see that federal expenditures are almost always ______ state and local expenditures.
a. equal to
b. less than
c. greater than
d. more than double
c. greater than
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A country's balance of payment accounts include its government budget deficit or surplus
Indicate whether the statement is true or false
Refer to Table 8-2. Suppose that a simple economy produces only four goods and services: shoes, DVDs, tomatoes, and ketchup. Assume one half of the tomatoes are used in making the ketchup and the other half of the tomatoes are purchased by households. Using the information in the above table, nominal GDP for this simple economy equals
A) $7,400. B) $6,400. C) $5,800. D) 2,440 units.
Technological change leads to unemployment
a. True b. False Indicate whether the statement is true or false
A price ceiling disrupts markets because the price is set too low
Indicate whether the statement is true or false