Solved

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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q19: By the start of the 21st century,the

Q20: The next questions refer to the following.<br>Suppose

Q21: The problem with public goods is that<br>A)

Q22: The next questions refer to the following.<br>Suppose

Q23: For central governments is most OECD countries,<br>A)

Q24: The next questions refer to the following.<br>Suppose

Q25: The shortfall between tax receipts and government

Q27: According to the Laffer Curve<br>A) Tax revenue

Q28: The next questions refer to the following.<br>Suppose

Q29: If markets are Pareto efficient,<br>A) no one