Concerning Government Spending, Which of the Following Is True

question 115

Multiple Choice

Concerning government spending, which of the following is true?

• A) In 1916, the per person real government expenditures were approximately 60 times greater than in 1800.
• B) Prior to 1929, government expenditures at the state and local levels were substantially smaller than federal expenditures.
• C) Real federal spending per person was approximately 75 times greater in the most recent fiscal year than in 1916.
• D) All of the above are true.

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Definitions:

Product Development

The process of bringing a new product or service to the market, from initial concept through design, prototype, testing, and finally, launch.

Market Penetration

A strategy aiming to increase market share within an existing market segment by using methods such as pricing adjustments, increased promotion, and product improvements.

Market Development

A growth strategy that involves the introduction of existing products into new markets to increase sales and market share.

Diversification

A strategy that involves entering into new markets or investing in different types of assets to reduce risk and increase potential returns.