As an Absolute Amount (Billions of Dollars),which of the Following

question 11

Multiple Choice

As an absolute amount (billions of dollars) ,which of the following countries providesthe greatest amount of foreign aid?

• A)United Kingdom.
• B)United States.
• C)Italy.
• D)Sweden.

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Definitions:

Classical Economists

A group of 18th- and 19th-century economists who believed that economic downturns corrected themselves through natural market forces; thus, they believed the economy was self-correcting and needed no government intervention.

John Maynard Keynes

An influential British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

Expansionary Gap

A situation where actual output in an economy exceeds the potential output, leading to inflationary pressures due to high demand.

Government Spending

The total amount of money that a government allocates and uses on public services and infrastructure.