Which Is True of Total Federal Spending Relative to GDP

question 21

Multiple Choice

Which is true of total federal spending relative to GDP?

• A) It is the most commonly used measure of the size of government.
• B) There really is no upper limit to the ratio of total government spending to GDP.
• C) It has steadily increased over the last 50 years.
• D) All of the above are correct.
• E) Only a and c are correct.

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Definitions:

Gross Margin Percentage

A financial metric that measures a company's financial health by dividing gross margin by total revenue, expressed as a percentage.

Provided Data

Information or figures that are supplied or available to be used for analysis or computation.

Book Value Per Share

A financial measure used to assess the per-share value of a company based on its equity available to common shareholders, divided by the number of outstanding shares.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue, representing the company's profitability over a specified period.