US Federal Government Finance Assingment Help With Solution

From 1981 to 1985, the US federal government increased defense spending from $153.9 billion to $245.1 billion per year, while over the same period Gross Domestic Product rose from $3.128 trillion to $4.220 trillion. From 2001 to 2005, the US federal government increased defense spending from $2903 billion to $474.2 billion, while over the same period Gross Domestic Product ros from $10,128 trillion to $12.479 trillion. Which increase in defense spending was larger relative to Gross Domestic Product?

As noted in the text, in 1996 President Clinton declared that the era of big government is over. Has the size of government fallen since then? Provide an answer based on the following data: In 1996, federal government spending was $1.56 trillion and Gross Domestic Product (GDP) was $7.82 trillion. In 2005. federal spending was $2.47 trillion and GDP was $12.48 trillion. During this period, prices increased by about 24 percent. What additional data would you seek to provide a more complete answer to this question?

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During 2004, the inflation rate in the United Kingdom was about 1.6 percent. At the beginning of that year, the national debt of the United Kingdom was about £420 billion. Dis-cuss the implications of these facts for measuring government revenues in that country during 2004.

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