Asked by Carlos Murray on Jun 22, 2024
Verified
During World War II government expenditures increased almost five-fold and output almost doubled.
Government Expenditures
The total amount of money the government spends, including spending on goods, services, and transfer payments.
World War II
A global conflict that lasted from 1939 to 1945, involving most of the world's nations and resulting in significant military and civilian casualties.
- Recognize the historical framework and impact of important economic events, specifically the Great Depression and the 2008-2009 recession.
Verified Answer
CM
Christian MandalaJun 29, 2024
Final Answer :
True
Explanation :
During World War II, government expenditures indeed increased significantly, nearly five-fold, to finance the war effort, which also led to a substantial increase in industrial output and overall economic activity, nearly doubling as industries ramped up production to meet wartime needs.
Learning Objectives
- Recognize the historical framework and impact of important economic events, specifically the Great Depression and the 2008-2009 recession.