Which of the Following Statements Best Describes Government Expenditure Patterns

question 40

Multiple Choice

Which of the following statements best describes government expenditure patterns?

• A) The government's share of total economic activity has generally decreased since 1950.
• B) Most of the growth in government expenditures as a percentage of GDP is due to rapidly growing federal government transfer programs.
• C) Government expenditure as a share of GDP has fluctuated wildly depending on which political party is in control.
• D) Most of the growth in government expenditures as a percentage of GDP is due to rapidly growing national defense programs.

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Definitions:

Demand for Electronic Readers

The consumer desire or market requirement for digital devices designed for reading e-books and similar electronic documents.

Supply

The total amount of a specific good or service that is available to consumers at a given price level, at a specific time.

Equilibrium Price

The cost where the amount of a product or service sought by consumers matches the amount available, achieving equilibrium in the market.