Asked by
diana villagomez
on Dec 16, 2024
Verified
Government spending shrank the most in _____ relative to GDP between 1997 and 2016.
A) Canada
B) Australia
C) Germany
D) Spain
E) the U.K.
Government Spending
Expenses incurred by the government in the pursuit of its objectives, including spending on infrastructure, education, defense, and social services.
GDP
Gross Domestic Product; the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
Canada
A country in North America known for its vast landscapes, multicultural communities, and as a member of the Commonwealth.
- Acquire an understanding of the historical patterns in U.S. government expenditure, income, and indebtedness.
Verified Answer
BA
Learning Objectives
- Acquire an understanding of the historical patterns in U.S. government expenditure, income, and indebtedness.