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If a country has a GDP of $1.2 trillion and the government spends $300 billion,

Practice Questions

Q1
If a country has a GDP of $1.2 trillion and the government spends $300 billion, what percentage of GDP is government spending?
  1. 20%
  2. 25%
  3. 30%
  4. 15%

Questions & Step-by-Step Solutions

If a country has a GDP of $1.2 trillion and the government spends $300 billion, what percentage of GDP is government spending?
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