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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Have spending and taxes by state and local governments In the United States had a generally upward or downward trend in the last few decades?

To determine

To state: whether there is an upward or a downward trend of the spending and taxes of state and local government of United States generally.

Explanation

Federal government spending through regularly gets a large portion of the media consideration, state and local government spending is additionally generous—at about $3.1 trillion of every 2014.

Spending and taxes of state and local government of United States in the last few decades had an upward trend.

Spending has expanded amid the most recent four decades from around 8% to around 14% today. The single greatest thing is education, which represents around 33% of the aggregate. The rest covers programs like highways, libraries, medical clinics and social insurance, parks, and police and fire assurance...

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