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 34.3 and 34.5 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? 65pg

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Modern Principles Of Economics

ISBN: 9781429239974

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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