Jackson's nominal income per year in Beachland is mathematically given as
nR=52,500
What is ?
Generally, the equation for Real Income is mathematically given as
[tex]R=\frac{50000}{200}[/tex]
Therefore
R=250
In conclusion, The nominal income will be
[tex]Real income=\frac{nR}{210}[/tex]
Therefore
[tex]250=\frac{nR}{210}[/tex]
nR=250*210
nR=52,500
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For Jackson's income to have the same purchasing power in Beachland as $50,000 has in Lakeview, Jackson's nominal income per year in Beachland must equal $52,500.
What is the nominal income?The nominal income represents Jackson's income without adjustment for inflation.
The nominal income can be compared from place to place based on the cost-of-living indices in the two places.
Data and Calculations:Lakeview Beachland
Nominal income $50,000 ?
Cost-of-living index 200 210
Nominal income in Beachland = $52,500 ($50,000 x 210/200)
Thus, Jackson needs a nominal income of $52,500 in Beachland to have the same purchasing power as in Lakeview.
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when ronald takes anohter economics class, other prople in society benefit. the penefit to these other people is called the
Explanation:
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Suppose the Federal Reserve increases the amount of reserves by $120 million and the total money supply increases by $360 million.
In order to calculate the money multiplier and reserves we need to do certain calculations by applying the following formula.
The change in money supply can be calculated by the following formula:
ΔMoney Supplier = Multiplier × ΔReserves
A) It is given that when the reserves are increased by $120 million then the money supply increases by $360 million.
So,
30 Million = Multiplier × 120 Million
⇒ Multiplier = 360 Million
120 Million
= 3
So, the value of the multiplier is 3.
B) If there is an increase in reserves by $30 million then,
ΔMoney Supply = 3 × 30 Million
= 90 Million
Therefore, When the reserves increase by $30 million then the money supply increases by $90 million.
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Correct Question - Suppose the Federal Reserve increases the amount of reserves by $120 million and the total money supply increases by $360 million.
a. What is the money multiplier?
b. Using the money multiplier from part a, how much will the money supply change if the Federal Reserve increases reserves by $30 million?
When two or more organizations combine to become one, it is referred to as a(n)?
When two or more organizations combine to become one, it is referred to as a merger.
What are the 3 types of mergers?
Vertical, horizontal, and conglomerate mergers are the three basic forms of mergers.
Horizontal Merger- Companies at the same stage in the same industry unite in a horizontal merger to cut costs, increase product options, or lessen competition.Vertical Merger- In a vertical merger, a business acquires another business in the same sector that is frequently active at an earlier or later point in the manufacturing or sales process.Conglomerate Mergers -To lower risk, conglomerates consolidate firms that are unconnected to one another.Learn more about Mergers: https://brainly.com/question/16557059
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Item 23 Old Antique Store prepared the following budget information for the month of May: Sales are budgeted at $360,000. All sales are on account and a provision for bad debts is made for each month at three percent of sales for the month. Inventory was $84,000 on April 30; an inventory increase of $12,000 is planned for May 31. All inventory is marked to sell at cost plus 50 percent. Estimated cash disbursements for selling and administrative expenses for the month are $48,000. Depreciation for May is projected at $6,000. Old Antique 's budgeted gross profit for May is:
The Budget Gross Profit for the Month of May is $199,200 calculated as follows:
What is Gross Profit?Gross profit is the profit that a company have earned from the customers after deducting its cost of goods sold. The other expenses are then deducted from this gross profit and then the net profit is calculated.
Sales $360,000
Less: Provision for Bad debts $10,800 (360,000 * 3%)
Net Sales $349,200
Less: Cost of Goods Sold $96,000 (84000+12000)
Less: Administrative expenses $48,000
Less: Depreciation $6,000
Gross Profit $199,200
The Sales is reduced by the allowance for bad debts, the net sales are arrived. However these net sales are then deducted from the relevant expenses such as cost of goods sold, administrative expenses and the depreciation.
Cost of Goods sold are calculated by adding the increase in inventory in the opening inventory.
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Explain how fords vision can be used to advance innovation and integrate the engineers and the information technology professionals (i.e. encourage, facilitate collaboration, working in teams)
Fords vision can be used to advance innovation and integrate the engineers and the information technology professionals (i.e. encourage, facilitate collaboration, working in teams) in the given following ways.
What is Fords vision?Ford's mission statement, which it now refers to as its vision, is effective in its clarity: "People working together as a lean, global company to improve people's lives through automotive and mobility leadership.
Ford's philosophy states that-
Ford's guiding principle was American economic independence. The River Rouge Plant of Ford would grow to be the largest industrial complex in the world, capable of making its own steel. Ford wanted to build a car from the ground up without depending on imports.Ford's market-oriented pricing approach is to set prices that are reasonable for the circumstances, taking into account factors such as competition, demand, consumer perception, and other factors.For the majority of its goods, including sedans and trucks, Ford uses this pricing strategy.Ford make ethics an important part of its culture as-
The corporation has tight rules for conducting business internationally, maintains strict control over its foreign activities, and offers its staff an online global ethics training program that is available in 13 different languages. Despite having a strong Code of Conduct, Ford has had issues throughout the years.To know more about the management innovation helped Henry ford to realize this vision, here
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When a government establishes a marketable permit program to address environmental pollution, it is actually issuing a form of command-and-control regulation. pollution tax. permit to pollute. inflexible, costly regulation.
A government is issuing a permit to pollute when its establishes a marketable permit program to address environmental pollution.
What is a marketable permit program?This refers to a a program in which a city / state government issues permits allowing only a certain quantity of pollution such as water, noise, air pollution into the environment.
In other times, the permits to pollute can be sold or given to firms free and the pollution charge can also be a tax imposed on the quantity of pollution that a firm emits.
Hence, the government is issuing a permit to pollute when its establishes a marketable permit program to address environmental pollution.
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Answer:
the correct answer is permit to pollute
Explanation:
(econ1101)
In the short run, average total costs and average variable costs converge as output increases because:________
Average fixed costs continually decrease is the correct answer. The average costs assist in identifying the costs related to producing a single unit, whereas the total cost of production aids businesses in understanding the entire expenses incurred.
The total fixed cost is divided by the quantity of units produced to get the average fixed cost. The fixed cost incurred in producing a unit of output is known as the average fixed cost.
Any increase in output reduces the average fixed cost because Total Fixed Cost is constant. Though the average fixed cost can go very small, it will always exist.
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A Canadian manufacturing company opens a factory the produces air conditioners in the United States. This is an example of Canadian
This is an example of Canadian foreign direct investment that increases Canadian net capital outflow.
An open economy is one that interacts freely with other economies around the world. An open economy interacts with other countries in two ways. We buy and sell goods and services in the global product market manufacturing company.
The real exchange rate is the price at which supply and demand match in the foreign exchange market. When the real US exchange rate rises, US goods will be higher than foreign goods, United States exports will decrease, and imports will increase.
The amount of dollars that fall and are exchanged remains unchanged. 22. When the United States real interest rate falls, he becomes one to own US assets. It has become less attractive and has increased US net capital outflows.
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Compared to the distribution of money income, the distribution of income that takes into consideration the effects of taxes and in-kind benefits
Compared to the distribution of money income, the distribution of income that takes into consideration the effects of taxes and in-kind benefits is more equal.
One of the political economy's most perplexing problems is the allocation of income. People who believe that all earnings should be equal, or as close to equal as feasible and that the primary role of the government should be to redistribute income from the wealthy to the poor represent one extreme.
The concept of "income distribution" comes from statistics. Income is not being distributed by one individual. Instead, when people interact through markets and are influenced by the tax system, the distribution of income is determined by their choices regarding their employment, saving, and investing.
The distribution of income that accounts for the effects of taxes and in-kind benefits is more equitable than the distribution of income expressed in terms of money.
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An e-newsletter of your professional accomplishments that you distribute to qualified hiring authorities and contacts should include:______.
An e-newsletter of your professional accomplishments that you distribute to qualified hiring authorities and contacts should include the following components:
Career summary: Career summary helps the potential employers to get a quick grasp of employee as a professional, one need to include a career summary.
Philosophy statement :A philosophy statement is sometimes known as a mission statement. It describes the things about the profession that matter the most to job seeker.
Short biography of the job seeker.
Resume : It’s important to include resume of jobseeker here, even though it has been already submitted the resume with the application.
Marketable skills and abilities : It is very important to include the marketable skills and abilities. Some common marketable skills include: Project management, Critical thinking, Taking initiative, Leadership, Public speaking etc.
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Suppose that the US imports $260 million worth of goods and services and exports $160 million worth of goods and services. What is the value of net exports?
The value of net exports is -$100.
The value of a country's total exports less the value of its total imports is the country's net exports. A trade surplus or deficit is represented by a positive or negative net export figure. A country's exports can be priced more competitively when there is a poor currency exchange rate.
Net Exports.= Value of Exports − Value of Imports
Where,
Value of Exports = Total amount that foreign nations spend on domestic goods and services. = $160
Value of Imports = Total amount spent by the home nation on products and services imported from other nations.= $260
Net Exports.= Value of Exports − Value of Imports
Net Exports.= $160 ₋ $260
Net Exports.= ₋$100
The difference between a country's total exports and total imports is the number of its net exports. A trade surplus or deficit is represented by a positive or negative net export figure.
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The brokerage relationship which calls for limited confidentiality, unless waived by the party, is which type of relationship
This relationship is called transaction broker relationship which requires that the licensee exercise limited confidentiality, including the sellers' motivation for selling their property.
Limited confidentiality prevents the disclosure of the seller's motivation to sell the property. Exercising limited confidentiality unless waived in writing by a party (transaction broker)
Transaction broker relationship advantagesThis limited confidentiality will prevent disclosure of any information requested by a party to remain confidential, such as whether the seller will accept a price lower than the asking or listed price, whether the buyer will pay more than the price stated in a written offer, why a party is selling or buying a particular piece of property, whether a seller or buyer will agree to financing terms other than those offered, and any other information.To know more about transaction broker relationship, check the given links.
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GOVERNOR REAGAN: Mr. Ellis, I think this idea that
has been spawned here in our country, that inflation
somehow came upon us like a plague and therefore it's
uncontrollable and no one can do anything about it, is
entirely spurious, and it's dangerous to say this to the
people. When Mr. Carter became President, inflation was
4.8 percent, as you said. It had been cut in two by
President Gerald Ford. It is now running at 12.7 percent.
President Carter also has spoken of the new jobs created.
.. But that can't hide the fact that there are 8 million men
and women out of work in America today, and 2 million
of those lost their jobs in just the last few months. Mr.
Carter had also promised that he would not use
unemployment as a tool to fight against inflation. And
yet, his 1980 economic message stated that we would
reduce productivity and gross national product and
increase unemployment in order to get a handle on
inflation, because in January, at the beginning of the
Intro]
Which claim of President Carter's does Reagan refute
in this excerpt?
President Carter's policies have led to an improved
economy.
O Rising oil prices worldwide can negatively affect
inflation rates in the United States.
Inflation rates have risen too high and are hurting
the American consumer.
There are policies that can be enacted by the
president to curb rising inflation.
Done
The claim of President Carter's that Reagan refute in this excerpt is D. There are policies that can be enacted by the president to curb rising inflation.
What is a claim?It should be noted that a claim simply means the stance of an author or individual regarding a literary work.
Here, the man idea in the excerpt is simply about inflation and how it can be curbed.
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Answer: A.) Carter fails to provide evidence for how his new policies will decrease inflation.
A taxing jurisdiction has a mill rate of 14.7. what is an owner’s tax bill if his assessed value is $250,000?
A taxing jurisdiction has a mill rate of 14.7. the owner’s tax bill would be $3,675.00. Over 55,000 jurisdictions make up the United States. The taxing authority that imposes the tax is known as a jurisdiction. A tax jurisdiction code is used to identify each jurisdiction.
The place where the transaction will be taxed is specified by this code. The tax jurisdiction code is a key that, along with the tax code and other factors, defines the tax amount and how the total tax amount is split between the several taxing authorities for payment. For calculating procedure TAXUSJ,
The system can handle up to four jurisdiction levels, and for TAXUSX, up to six jurisdiction levels. Each level of jurisdiction has a unique jurisdiction code.
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The opportunity, but not the obligation, to sell a security within a specified period of time at a guaranteed price is ____________.
The opportunity, but not the obligation, to sell a security within a specified period of time at a guaranteed price is put option.
What is put option?Put option involves selling a particular goods off before it becomes obsolete.
About to expire goods also fall into this category as they are put on option by the seller without.
The buyer call also sell products withing this category.
Therefore, the opportunity, but not the obligation, to sell a security within a specified period of time at a guaranteed price is put option.
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Mr. Smith, the special education teacher, called Tim's parents to schedule a meeting to update information on Tim's progress on his IEP and to set goals for the upcoming year. This type of meeting is called a/an:
Answer:
b
Explanation:
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The __________ ensures that when consumers provide their verbal agreement during the telephonic enrollment, they acknowledge and understand they are actually enrolling, in which plan they are enrolling, as well as the standard disclosures.
The statement of understanding ensures that when consumers provide their verbal agreement during the telephonic enrollment.
What is the statement of understandingThis is the statement that is used to show that there is understanding by a customer when he or she signs a document.
This is used to show that the person is well informed based on what they have signed.
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What purpose does tesla serve in the economy?
Tesla has created over 1,500 jobs at its ATVM-supported facilities. The Department of Energy's investment in Tesla supports the commercial deployment of advanced technologies that help U.S. automakers remain competitive in the growing global advanced vehicle market. This is the purpose of tesla serving the economy.
The economy is the field of production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.
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M1 and M2 are two definitions of the money supply. Determine whether the items listed are included in the money supply under each of these definitions.
The M2 includes balances in saving accounts, certificates of deposit, and money market account balances, the M1 & M2 includes Currency, traveler's checks, and balances in checking accounts while the M1 nor M2 are Credit Cards, Gold, and Common Stock.
What is a money supply?This refers to the total amount of money such as cash, coins, balances in bank accounts that are in circulation in a year.
M1The M1 means the most liquid money that comprised of the currency, traveler’s check, and checking account deposits.
M1 = Currency + traveler check + checking account deposits.M2The M2 is broader measure of Ms although it is has a less liquid measure compared to M1 and consists of currency, traveler’s checks, checking deposits, savings accounts, money market mutual funds etc
M2 = M1 + savings accounts deposits + money market mutual funds.M3The M3 is broader measure of Ms as it includes M2 money as well as large time deposits, institutional money market funds, short-term repurchase agreements, larger liquid funds etc.
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If a call option has a $10 strike price, and the underlying stock is trading at $11, then the option is considered: a. in the money. b. at the money. c. out of the money. d. worthless.
In the money
Put option holders have the choice, but not the duty, to sell shares of the underlying security by a specific date and at a certain price.
When the strike price of a put option is more than the market value of the underlying securities, the option is said to be in the money.
Put options are frequently used by investors as downside protection to limit or stop a value decline.
If the price of the underlying asset increases, puts can offer investors limited risk exposure to the short market.
The time value of a put option, which is the additional premium an investor will pay above the option's intrinsic value, can also have an impact on the option's value.
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After some preliminary research in 2000, unilever’s dove soap brand initiated its campaign for real beauty campaign. This tactic relates to women’s:.
This tactic relates to women’s self-concept.
What is self-concept?
Self-concept is a set of ideas about oneself. Self-concept, in general, embodies the response to the question "Who am I?" Self-concept differs from self-awareness, which is the degree to which one's attitudes and dispositions are defined, consistent, and currently applicable. The questionnaire examines five self-concept categories (intellectual, social, emotional, family, and physical) that reflect diverse attributes that are variably associated with specific aspects of human activity
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The company produced 4,000 units of P59G. Direct materials cost $7.30 per unit and direct labor costs $5.45 per unit. How much overhead cost would be allocated to Product P59G using activity-based costing
Explanation:
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What is the ending balance on the statement of changes in owner's equity for this data?
The Owner's Equity statement illustrates the capital account changes due to contributions, withdrawals, net income, or a net loss. So Ending Balance of the statement of changes in Owner's equity will be; Opening capital + Capital Added + Net Income - Owner's Withdrawals.
A one-page report titled a "statement of owner's equity" compares all assets and liabilities to determine the owner's equity's overall value. The snapshot, which is tracked over a predetermined time period or accounting period, depicts the flow of cash through a company.
Owner's equity is simply the difference between the owner's initial investment in the business and any withdrawals made by the owner. For instance: A real estate project with a value of $500,000 and a loan balance of $400,000 would have $100,000 in owner's equity.
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The expected average rate of return for a proposed investment of $450,200 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total income of $175,480 for the 4 years is (round to two decimal places) a.19.49% b.9.74% c.0.39% d.0.78%
The correct answer is option A.
The expected average rate of return for the proposed investment is 19.49%.
What is average rate of return?The average annual amount of cash flow produced over the course of an investment is the average rate of return. This rate is derived by adding up all anticipated cash flows and dividing it by the anticipated lifespan of the investment. Investors frequently use it to choose whether to invest in a particular asset. This calculation's primary error is that it disregards the time worth of money. The value of cash flows from later times is lower than that of cash flows from more recent eras. Furthermore, generating accurate cash flow projections for future periods might be challenging.Average Investment = (Initial Cost + Residual Value) / 2
That is, Average investment becomes $450,200/2 = $225,100.
Now, Estimated average annual income = Total net income / Useful life
That is, Estimated average annual income = $175,480/4 = $43,870.
Average Rate of Return = Estimated Average Annual Income / Average
Therefore,
Average rate of return = ($175,480/$225,100)*100 = 19.48%.
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Which problem is Arthur experiencing in the given example?
Arthur has been working for a company for three months. However, the company’s values are conflicting with his own. Since he does not fit in the organization’s culture, Arthur has started experiencing { blank }, which is manifesting as frustration and anger.
Answer:
Demotivation
Explanation:
Since Arthur has been working for 3 months and he is in a company where he is aware not knowing much about it, he is beginning to feel a lack of interest and passion about his work.
The problem that Arthur is experiencing in the given example is a cultural mismatch or cultural conflict with the organization. Since Arthur has been working for 3 months and he is in a company where he is aware not knowing much about it, he is beginning to feel a lack of interest and passion about his work.
When a person's personal values, beliefs, and behaviors diverge from the standards and conventions of the workplace or society, there is a cultural mismatch.
Arthur feels frustrated and enraged as a result of this cultural struggle. These unfavorable feelings most likely result from the discrepancy between his personal principles and the values upheld by the business. Feelings of being misunderstood, undervalued, or unable to fully contribute at work might result from this imbalance.
Therefore, it would be advantageous for Arthur to look into opportunities to address the cultural mismatch, such as finding common ground with coworkers, asking for support from supervisors, or pondering whether a different workplace might be a better fit for his personal goals.
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On July 19, each of the following consumers met with an agent. Based on the information provided, which consumer must wait until the Annual Election Period (AEP) or Open Enrollment Period (OEP) to enroll?
This consumer is going to be Joy. She has a cardiovascular disorder and is enrolled in a CSNP.
What is the Open Enrollment Period (OEP)?This is the enrollment period that is the annual period that people are able to make enrollment into the Qualified health plan.
This is consumer that has to wait for this period is Joy through the use of the priority health insurer.
The annual election period of Medicare is what is also called its enrollment period. At this time those that are enrollees would be able to make changes to their plans and also change their coverage.
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The price elasticity of demand for tickets to local baseball games is estimated to be equal to 0.89. In order to boost ticket revenues, an economist would advise:
Based on the fact that the price elasticity of demand is 0.89, an economist would advise increasing the price of the ticket.
Why should ticket prices be raised?When the price elasticity of demand is less than 1, it means that demand is inelastic.
This allows one to increase the price of the service or good because demand will decrease less than the revenue will increase which would lead to more profit.
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In evaluating service quality, measurement of expectations can be included in a research program by _____.
In evaluating service quality, measurement of expectations can be included in a research program by service research.
Research programs are a specialized network of scientists conducting basic research. The term was used by the philosopher of science Imre Lakatos to describe the scientific normative model of Karl Popper's The Logic of Scientific Discovery (including the idea of falsifiability) and Thomas Kuhn's The Logic of Scientific Discovery. Used to blend and revise the descriptive scientific model of "Structure". Revolution (including ideas of ordinary science and paradigm shift) .
Lacatos found that falsificationism was unrealistic and often not practiced, and ordinary science (a paradigm of science that emulates the paradigm). Has erased a different perspective) has found it to be more exclusive than it really is.
Lakatos found that many research programs coexist. Each had a hardcore theory that was unaffected by revisions, surrounded by a protective belt of adaptive theory. One research program competes with another to become the most advanced.
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_____________ was the founder of the institutionalist school of economics and was also a critic of marginalist theory.
Thorstein Veblen was the founder of the institutionalist school of economics and was also a critic of marginalist theory.
What was Thorstein Veblen known for?
Veblen is most known for his book The Theory of the Leisure Class, which popularized the term "conspicuous consumption" (defined as consumption done to flaunt one's class or achievements to others). Veblen is best recognized for this phrase more than any other.
What did Thorstein Veblen meant by conspicuous consumption?
Displaying extravagant riches to improve one's standing and reputation in society is known as conspicuous consumption. American economist and sociologist Thorstein Veblen originally addressed the subject in his book "The Theory of the Leisure Class" published in 1899.
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Since world war ii, the federal government's share of total government expenditures has been between?
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.
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