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Which of the following countries had the highest level of government expenditures as a share of GDP in 2007?
Economic Variables
Quantitative measures that represent aspects of the economy or a company and can change over time, such as GDP, inflation rate, and unemployment rate.
Policy Makers
Individuals or groups responsible for making decisions that affect the economy, society, or governance.
Normative Economics
A branch of economics that expresses value judgments about economic fairness or what the economy ought to be like.
Positive Economics
An approach to economics that seeks to understand and explain the economy as it is, based on factual observations without making normative judgments.
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