Which of the Following Spending Is Larger for U

question 15

Multiple Choice

Which of the following spending is larger for U.S. GDP?

• A) State and local government.
• B) Federal government.
• C) Net exports.
• D) Change in business inventories.

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Definitions:

Negotiate

The process of discussing and reaching a mutual agreement between parties with different interests.

Revoke

To formally withdraw, cancel, or annul a right, privilege, or decision.

Offeror

The party in a contractual agreement who presents an offer to another party (the offeree) indicating readiness to enter into a contract on specified terms.

Legal Right

An entitlement or permission granted to individuals by law allowing them to act in a certain way or to be treated in a specific manner.