(if I were the) King of the Forest

Part IV: Budget as a fraction of GDP

This section investigates the perception and preferences for government spending relative to GDP.

• Optimal Budget Consumption

  Keeping in mind that all personal and business spending, state government spending, and local government spending come from the same pool of resources, estimate the fraction (eg. ½ or 50%) of the Gross Domestic Product (GDP) – the total annual economic output of the nation – that you feel ought to be consumed by the federal government.

  • Federal budget as a fraction of GDP:
• Actual Budget Consumption

  Estimate the fraction (eg. ½ or 50%) of the Gross Domestic Product (GDP) – the total annual economic output of the nation – that is consumed by the federal government.

  • Federal budget as a fraction of GDP:
    19.8%

© Copyright 2004, 2005, Augustus P. Lowell

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