Has the size of government fallen since then

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Question: As noted in the text, in 1996 President Clinton declared that the era of big government is over. Has the size of government fallen since then? Provide an answer based on the following data: In 1996, federal government spending was $1.56 trillion and Gross Domestic Product (GDP) was $7.82 trillion. In 2005, federal spending was $2.47 trillion and GDP was $12.48 trillion. During this period, prices increased by about 24 percent. What additional data would you seek to provide a more complete answer to this question?

Reference no: EM131499691

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