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Federal outlays and revenues, 1940-2008 as a percentage of the GDPThe following chart shows federal outlays and revenues from 1940 to the proposed levels in 2008 as a percentage of gross domestic product (GDP). Gross domestic product is a measurement of the size of the economy. Viewing federal spending and revenues as a percentage of GDP indicates how large or small government is in relation to the economy.
Source: Office of Management and Budget, Budget of the U.S. Government, FY2008, Historical Tables. |
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