From an Economic Perspective the Optimal Level of Government Spending

question 32

Multiple Choice

From an economic perspective the optimal level of government spending occurs when

• A) spending is financed by an equal amount of taxes.
• B) no more than 50 percent of the GDP is spent by government.
• C) the president controls the amount of spending by using the line-item veto.
• D) the value of extra benefits derived from an extra dollar of government spending is equal to the dollar of cost.
• E) the government has reached the statutory limit of its borrowing as established by Congress.

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