Since the 1950s,the Share of GDP Devoted to Government Purchases

question 74

Multiple Choice

Since the 1950s,the share of GDP devoted to government purchases on average in the OECD countries has

• A)steadily increased.
• B)steadily decreased.
• C)remained fairly steady.
• D)increased,but only after recessions.

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Definitions:

Oligopoly

An economic condition where a few firms dominate the market, influencing prices and availability of goods or services.

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The central component in a computer that performs the calculations and processing required to execute commands and run software.

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The process of making a product or service available for the consumer or business user who needs it.