Table 2.1 GDP and Its Components,2012

Multiple Choice

Table 2.1 GDP and its components,2012
-Assuming that the GDP breakdown shown in Table 2.1 is typical of a given year in the U.S.we can say that ________.

A) federal defense spending is twice that of non-defense spending
B) federal spending is twice as large as that of the states and local governments
C) government spending constitutes about 40% of GDP
D) all of the above
E) none of the above