What is the opportunity cost (in civilian output) of a defense buildup that raises military spending from 4.0 to 4.3 percent of a $20 trillion economy? Instructions: Enter your response as a whole number. billion %24

What is the opportunity cost (in civilian output) of a defense buildup that raises military spending from 4.0 to 4.3 percent of a $20 trillion economy? Instructions: Enter your response as a whole number. billion %24

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter19: Public Choice And Special Interest Group Politics

Section: Chapter Questions

Problem 10QP

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Question

What is the opportunity cost (in civilian output) of a defense buildup that raises military spending from 4.0 to 4.3 percent of a $20
trillion economy?
Instructions: Enter your response as a whole number.
billion
%24

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