Which of the Following Is True

question 140

Multiple Choice

Which of the following is true?

• A)The government purchases share of GDP is currently less than what it was during World War II.
• B)The government purchases share of GDP is currently greater than what it was during World War II.
• C)The consumption share is currently at the same level it was at during World War II.
• D)The net export share of GDP has been positive for the past 25 years.
• E)The government purchases share has remained constant over the past 25 years.

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Definitions:

Congress

The bicameral legislature of the federal government of the United States, consisting of two chambers: the Senate and the House of Representatives.

Antitrust Laws

Legislation enacted to prevent new monopolies from forming, break up those that already exist, and regulate anti-competitive practices that may harm the market or consumers.

Social Welfare

Programs and policies designed to improve the well-being of individuals and groups in society, often provided by the government.

Marginal-Cost Pricing

A pricing strategy where the price of a good or service is equal to the incremental cost to produce one more unit of a good.