Multiple Choice
Refer to the following table when answering the following questions.
Table 2.1: U.S. 2010 and 2015 Expenditures ($ billions)
-Consider Table 2.1. The federal government's share of total GDP in 2010 was about ________ percent, and in 2015 it was ________ percent.
A) 12; 11
B) 31; 29
C) 33; 34
D) 9; 7
E) 21; 18
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Suppose we calculate the percent change in
Q3: Prior to the late 1970s, the United
Q4: According to the income approach to GDP,
Q5: Using the expenditure approach, government expenditures include:<br>A)
Q6: Which of the following is/are NOT included
Q8: Refer to the following table when answering
Q9: Using the expenditure approach, consumption expenditures include
Q10: If we calculate the real GDP using
Q11: GDP often is used as a "measure"
Q12: Refer to the following table when answering