According to Data Compiled by the Bureau of Economic Analysis

question 88

Multiple Choice

According to data compiled by the Bureau of Economic Analysis, in 2015, total government spending (comprising purchases and transfers) in the U.S. was about

• A) 10 percent of the economy's total output.
• B) 33 percent of the economy's total output.
• C) 60 percent of the economy's total output.
• D) 75 percent of the economy's total output.

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Definitions:

Subsidy Payments

Financial assistance granted by the government to individuals, organizations, or industries to support economic activities deemed beneficial for the public.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, leading to high unemployment and significant economic distress.

Economic Nation

A collective term referring to a country or state and its economic activities, system, and performance.

United States Depression

A period of severe economic downturn and high unemployment in the United States, with the most famous being the Great Depression of the 1930s.