Question: From 1981 to 1985 the US federal government increased defense
From 1981 to 1985, the US federal government increased defense spending from $ 157.5 billion to $ 252.7 billion per year, while over the same period Gross Domestic Product rose from $ 3.127 trillion to $ 4.218 trillion. From 2007 to 2011, the US federal government increased defense spending from $ 551.3 billion to $ 705.6 billion, while over the same period Gross Domestic Product rose from $ 14.029 trillion to $ 15.088 trillion. Which increase in defense spending was larger relative to Gross Domestic Product?
Answer to relevant QuestionsThe following table shows the composition of US federal expenditures in 1997, 2001, 2007, and 2011. From 1997 to 2001, GDP went from $ 8.3324 trillion to $ 10.2862 trillion, the GDP price deflator (used to calculate ...In the 1970s, researchers at the RAND Corporation conducted a famous social experiment to investigate the relationship between health insurance coverage and health care utilization. In this experiment, samples of individuals ...Certain market transactions, such as selling one’s kidneys, seem morally repugnant to many people. At a conference discussion on what makes certain transactions morally repugnant, a professor of psychology said, “The ...Suppose that Tang and Wilson must split a fixed 400 pounds of food between them. Tang’s utility function is UT = sqrt (F1) and Wilson’s utility function is UW = ½ sqrt (F2 ), where F1 and F2 are pounds of food to Tang ...In order to respond to the tastes of its patrons, Fairfax County Public Library discards books that have not been checked out in two years in order to make space for more popular books [Miller, 2007]. This policy led them to ...
Post your question