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QuestionEconomics

Expenditures as a percentage of the gross domestic product: A. were at the highest level during World War II. B. are higher now than they have ever been.
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Answer

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Step 1
To solve this problem, I'll analyze historical government expenditure data and trends in the United States.

Step 2
: Understand Historical Government Expenditure Context

- Government expenditures as a percentage of GDP have varied significantly throughout U. S. history - Major events like wars and economic crises dramatically impact government spending

Final Answer

Government expenditures as a percentage of GDP were at their absolute highest level during World War II, reaching
40%40\%
to
45%45\%
of GDP.

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