Total government expenditures consist of expenditures by the federal government and by state and local governments. Calculate
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Total government expenditures consist of expenditures by the federal government and by state and local governments. Calculate and graph the ratio of federal government expenditures to total government expenditures. Has the federal government become larger or smaller relative to state and local governments over time?
Answer the question using the Federal Reserve Bank of St. Louis’s FRED database, accessible at http://research.stlouisfed.org/fred2/
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