Answer:
When the federal government spends more money than it receives in taxes in a ... spending over time in nominal dollars is misleading because it does not take ... defense spending as a share of GDP has generally declined since the 1960s, ... Healthcare expenditures include both payments for senior citizens (Medicare), ...
Explanation:
It was during the Cold War era that two economic philosophies were predominant: Capitalism and communism--with the United States advocating for the former and the USSR advocating for the latter.
The three countries were
Northern and Western Europe and the Great Britain