12 Nov 2021
Problem 22
Page 740
Section: REVIEW QUESTIONS
Chapter 30: Government Budgets and Fiscal Policy
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12 Nov 2021
Introduction
Government spending in the United States of America is the spending of the federal government of the U.S. and the spending of its state and local governments. The combined total of this spending, excluding transfer payments and interest on the debt, is a key factor in determining a nation's gross domestic product (GDP).
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