The accompanying graph depicts unemployment insurance benefits paid by the U.S. government over time. The accompanying graph depicts unemployment insurance benefits paid by the U.S. government as a percentage of GDP over time. FRED 1,400 Billions of Dollars 1,200 Bil of $/Bil. of $ 100 1,000 800 600 400 200 1960 FRED 1970 1980 1990 2000 2010 -Personal current transfer receipts: Government social benefits to persons: Unemployment insurar Domestic Product 100 min

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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d. In the historical series, in what year was the most spent on unemployment insurance as a percentage of GDP?
Year with highest percentage:
Transcribed Image Text:d. In the historical series, in what year was the most spent on unemployment insurance as a percentage of GDP? Year with highest percentage:
The accompanying graph depicts
unemployment insurance benefits paid by
the U.S. government over time.
The accompanying graph depicts
unemployment insurance benefits paid by
the U.S. government as a percentage
of GDP over time.
FRED
1,400
Billions of Dollars
1,200
Bil. of S/Bil. of $*100
1,000
800
600
400
200
0
1960
FRED
1970
1980
1970
1990
1980
Personal current transfer receipts: Government social benefits to persons: Unemployment insurar
Domestic Product 100
2000
1990
2010
2000
2010
Transcribed Image Text:The accompanying graph depicts unemployment insurance benefits paid by the U.S. government over time. The accompanying graph depicts unemployment insurance benefits paid by the U.S. government as a percentage of GDP over time. FRED 1,400 Billions of Dollars 1,200 Bil. of S/Bil. of $*100 1,000 800 600 400 200 0 1960 FRED 1970 1980 1970 1990 1980 Personal current transfer receipts: Government social benefits to persons: Unemployment insurar Domestic Product 100 2000 1990 2010 2000 2010
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