Do federal grants represent

timer Asked: Jul 13th, 2014
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Question Description

Do federal grants represent an appropriate percentage of the total federal budge and gross domestic product (GDP)? Explain, providing at least one supporting fact.

Tutor Answer

School: University of Virginia

In monetary year 2015, the federal  government is anticipated to use around $3.9 trillion. These trillions of dollars make up an impressive lump – around 21 percent – of the U.S. economy, as measured by  GDP. That implies that national government spending makes up a sizable offer of all cash used in the United States every year. The U.S. Treasury separates all spending into three categories: compulsory spending  and discretionary expense, and interest on debt. Today, state and local grants comprise   something like 17 percent of government expenses. Aggregate  government spending depicts   about 27 percent of GDP, while state and local using from their own particular sources comprises  something like 11 percent. Government spending  since 1960 has averaged at 21 percent of GDP.

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