QQuestionEconomics
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 1To 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\% to 45\% of GDP.
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