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How does the amount of GDP accounted for by the US gov’t compare to the GDP accounted for by other nation’s gov’ts (particularly European nations)?

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How does the amount of GDP accounted for by the US gov’t compare to the GDP accounted for by other nation’s gov’ts (particularly European nations)? Economist George Stigler once wrote that, according to consumer theory, “if consumers do not buy less of a commodity when their incomes rise, they will surely buy less when the […]

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