a. If 1% of federal spending goes toward foreign aid, then what percent of U.S. GDP goes

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a. If 1% of federal spending goes toward foreign aid, then what percent of U.S. GDP goes toward foreign aid? Figures 36.4 and 36.6 will help.
b. If 20% of federal spending goes toward defense spending, then what percent of U.S. GDP goes toward defense spending?
c. If $30 billion of federal spending goes toward earmarked appropriations, what percent of federal spending goes toward earmarks?
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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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