The United States ranks next to lowest in 2016 among the 10 major economies shown for government
Question:
The United States ranks next to lowest in 2016 among the 10 major economies shown for government outlays relative to GDP. But in Exhibit 6, the United States ranks third from the top in next government debt relative to GDP. How can U.S. public outlays be so relatively low and yet U.S. net public debt be so relatively high?
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Related Book For 
Economics A Contemporary Introduction
ISBN: 9781305505469
11th Edition
Authors: William A. McEachern
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