Growth in Spending by All Levels of Government in the United

Multiple Choice

Growth in spending by all levels of government in the United States over the past half-century:

A) has kept pace with neither tax revenues nor real GDP.
B) has kept pace, except for an occasional wartime surge, with both tax revenues and real GDP.
C) has kept pace, except for an occasional wartime surge, with both tax revenues and nominal GDP.
D) has surged at a rate that has significantly exceeded the rate of growth of nominal GDP.
E) has surged at a rate that has significantly exceeded the rate of growth of tax receipts.