In Most Developed Economies,public Spending on National Defense

question 26

Multiple Choice

In most developed economies,public spending on national defense

• A) is the largest component of the government's budget
• B) accounts for about 1/3 of GDP
• C) is less than spending on transfer payments
• D) cannot be distinguished from infrastructure expenditures in the national accounts
• E) is financed by a national system of subscriptions

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