In 2003, federal government expenditures as a percentage of GDP were around _____. a. 10 percent b. 20 percent c. 30 percent d. 40 percent ANSWER b
Date: September 9th, 2020
As a percentage of total federal expenditures, national defense spending has _____ since the mid 1950s. a. slightly increased b. risen precipitously c. essentially stayed the same d. declined ANSWER d
Date: September 9th, 2020
Over the course of the 20th century, _____. a. federal government expenditures have grown less than state and local expenditures b. federal government expenditures have increased substantially as a percentage of GDP c. federal government expenditures remained fairly constant except during wartime d. federal government expenditures have always been higher than the expenditures of state […]
Date: September 9th, 2020
Expenditures on human resources comprise about ¬¬¬¬_____ of federal expenditures. a. half b. one-third c. one-fourth d. two-thirds ANSWER d
Date: September 9th, 2020
When compared with other governments around the world, government spending in the United States as a percentage of GDP_____. a. is generally lower than similar countries b. is generally higher than similar countries c. is about average relative to similar countries d. is impossible to compute because of differences between countries ANSWER a
Date: September 9th, 2020
Which of the following is ¬¬not true? a. In the 1950s, federal defense expenditures were larger than federal human resource expenditures. b. In 1995, federal defense expenditures were less than five percent of GDP. c. Federal expenditures on defense exceeded federal human resource expenditures until 1989. d. Federal defense expenditures have been declining continuously since […]
Date: September 9th, 2020
When compared to national defense expenditures, human resources expenditures _____. a. declined substantially during the 1980s b. have remain stable since the 1950s c. are a smaller percentage of GDP d. have increased substantially since the mid 1960s ANSWER d
Date: September 9th, 2020
The difference between government receipts and government expenditures is called a _____. a. loss b. shortfall c. deficit d. debt ANSWER c
Date: September 9th, 2020
In 2003, the federal budget deficit was about _____ percent of gross domestic product. a. three b. zero c. seven d. ten ANSWER a
Date: September 9th, 2020
As a percentage of total federal revenues the corporate income tax has _____. a. increased since 1960 b. declined since 1960 c. fallen during the 1980s, but risen since 1992 d. remained fairly constant since 1960 ANSWER b
Date: September 9th, 2020
