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Arada [10]
1 year ago
9

Since world war ii, the federal government's share of total government expenditures has been between?

Business
1 answer:
Anton [14]1 year ago
5 0

The federal government has accounted for between two-thirds and three-quarters of all government spending since World War II. Since the end of the Korean War in the early 1950s, the federal government's purchases of goods and services as a percentage of GDP have been falling.

Automatic increases and decreases in government expenditure and taxation that follow the economic cycle. The majority of government spending in the United States took place at the state and municipal levels up to the Great Depression of the 1930s.

The federal government has accounted for between two-thirds and three-quarters of all government spending since World War II. Federal Expenditures and Purchases as a Percentage of GDP, 1950–2008.

To learn more about  federal government, click here

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From the given data, we can see that the equilibrium price is $4 and the equilibrium quantity is 68 units.

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