Author Question: Federal government purchases, as a percentage of GDP, A) have fallen since the early 1950s. B) ... (Read 156 times)

ashley · **on:** Jun 29, 2018

Federal government purchases, as a percentage of GDP,

A) have fallen since the early 1950s.
B) have risen since the early 1950s.
C) have remained roughly the same since the early 1950s.
D) rose from the early 1950s until the mid 1980s, and then fell.

Question 2

Refer to Figure 7-1. Under autarky, the consumer surplus is area

A) S + V. B) S. C) R. D) R + S + V.