Which of the Following Is True

question 667

Multiple Choice

Which of the following is true?

• A) Real federal spending per person was approximately 50 times higher in 1900 than 1800.
• B) Real federal spending per person was approximately 80 times higher in 2010 than 1916.
• C) Real federal spending per person grew slowly under the Reagan Administration during the 1980s, but it increased rapidly under the Clinton administration in the 1990s.
• D) In recent years, government expenditures at the state and local levels have been greater than government spending at the federal level.

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Definitions:

Innovative Idea

A novel or original concept that can lead to significant improvements in products, processes, or services.

Entrepreneurial Process

The series of steps and development stages that entrepreneurs follow to conceive, launch, and grow a new business.

Start-Up Process

The sequence of steps that an entrepreneur takes to establish a new business, including idea generation, market research, business model development, and securing funding.

Entrepreneurship

The process of identifying opportunities for which marketable needs exist and assuming the risk of creating an organization to satisfy them.