In 2010 the federal government spent $1.2 trillion on goods and services, according to the GDP accounts.

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In 2010 the federal government spent $1.2 trillion on goods and services, according to the GDP accounts. The federal budget, however, shows total expenditures of almost $3.9 trilli0n. What is the reason for the difference?

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Basic Economics

ISBN: 978-1111826642

16th edition

Authors: Frank V. Mastrianna

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Question Posted: Mar 08, 2018 09:55 AM

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In 2010 the federal government spent $1.2 trillion on goods and services, according to the GDP accounts.

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The federal budget showing expenditures of more than 39 trillion included ...View the full answer

Basic Economics

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