Asked by
andres jimenez
on Oct 12, 2024
Verified
Which statement is false?
A) High military spending in the last 50 years has been a drag on our economic growth.
B) Military spending as a percent of GNP almost doubled between 2000 and 2009.
C) The fall of the Soviet Union and its empire allowed U.S.defense spending to be able to be cut to 3 percent of GDP from its Cold War level of 6 percent of GDP.
D) The cost of doing business has gone up since September 11th,which reduces productivity.
Military Spending
Financial allocations by a government for the maintenance and development of its armed forces and defense-related activities.
GNP
Gross National Product, the total value of goods and services produced by the residents of a country within a specific time period.
GDP
Gross Domestic Product, a measure of the total economic output of a country, representing the value of all goods and services produced over a specific time period.
- Evaluate the influence of defense expenditure on the expansion of the economy.
- Ascertain the causes that have obstructed the progress in productivity over the last thirty years.
Verified Answer
AN
Learning Objectives
- Evaluate the influence of defense expenditure on the expansion of the economy.
- Ascertain the causes that have obstructed the progress in productivity over the last thirty years.