Most economists agree that the immediate determinant of the volume of output and employment is the:
A. composition of consumer spending.
B. ratio of public goods to private goods production.
C. level of total spending.
D. size of the labor force.

The level of public spending is one of the tools used by fiscal policies. An increase in public spending can be used to stimulate the economy, as gross domestic product increases with it. On the other hand, a reduction in public spending reduces the growth rate of gross domestic product. The weight of public spending as a percentage of gross domestic product is considered an important measure of a country's public sector.

Most economists agree that the immediate determinant of the volume of output and employment is the: A. composition of consumer spending. B. ratio of public goods to private goods production. C. level of total spending. D. size of the labor force.

Respuesta :

Otras preguntas

Most economists agree that the immediate determinant of the volume of output and employment is the:
A. composition of consumer spending.
B. ratio of public goods to private goods production.
C. level of total spending.
D. size of the labor force.