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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Definitions:

National Vote

The aggregated preference of voters across a nation, especially evident in nationwide elections for leadership or policy referendums.

Right-To-Life

A movement or ideology that advocates against abortion and euthanasia, emphasizing the protection of human life from conception to natural death.

Electoral College

A body of electors established by the United States Constitution, responsible for electing the president and vice president based on the popular vote in each state.

Majority Totals

The amount or number required to surpass half of a total count, especially in the context of votes or decisions.