Document H Source: Historical Statistics of the United States, Statistical Abstract of the United States, Department of Commerce. Life expectancy at birth, in years GNP per capita, in 1958 dollars Total government spending, in billions of dollars Surplus or (deficit), in billions of dollars Defense spending as percent of government spending 1949 68.0 $2,172 $40.6 $1.0 32.7% 1951 68.4 $45.8 $2,495 $2,507 $7.6 1953 51.1% 68.8 $76.8 1955 68.1% 69.6 $2,650 $68.5 ($5.3) ($3.0) 63.2% 1957 69.5 $76.7 $2,642 $2,688 $3.2 1959 62.9% 69.6 $92.1 ($12.9) 57.9%

Document H Source: Historical Statistics of the United States, Statistical Abstract of the United States, Department of Commerce. Life expectancy at birth, in years GNP per capita, in 1958 dollars Total government spending, in billions of dollars Surplus or (deficit), in billions of dollars Defense spending as percent of government spending 1949 68.0 $2,172 $40.6 $1.0 32.7% 1951 68.4 $45.8 $2,495 $2,507 $7.6 1953 51.1% 68.8 $76.8 1955 68.1% 69.6 $2,650 $68.5 ($5.3) ($3.0) 63.2% 1957 69.5 $76.7 $2,642 $2,688 $3.2 1959 62.9% 69.6 $92.1 ($12.9) 57.9%

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter3: Economic Decision Makers

Section: Chapter Questions

Problem 3.11P

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