only answer Imagine that the only source of a government's budget is tax revenue. The country's GDP is $700$⁢700 billion. The government's total tax revenue is $214.2$⁢214.2 billion; one-third goes to transfer payments, and the rest is spent on infrastructure at the federal, state, and local levels.

Calculate government spending as a share of GDP. Enter your answer in the box below, and throughout your calculations, round to one decimal place if necessary.

To calculate the government spending as a share of GDP, follow these steps:

1. **Identify the total tax revenue:**
   \[
   \text{Total Tax Revenue} = 214.2 \text{ billion dollars}
   \]

2. **Determine the portion of tax revenue used for transfer payments:**
   \[
   \text{Transfer Payments} = \frac{1}{3} \times 214.2 = \frac{214.2}{3} = 71.4 \text{ billion dollars}
   \]

3. **Calculate the remaining tax revenue used for infrastructure spending:**
   \[
   \text{Infrastructure Spending} = 214.2 - 71.4 = 142.8 \text{ billion dollars}
   \]

4. **Government spending as a share of GDP:**
   \[
   \text{Government Spending as a Share of GDP} = \frac{142.8}{700} \times 100
   \]

5. **Calculate the result:**
   \[
   \text{Government Spending as a Share of GDP} = \frac{142.8}{700} \times 100 = 20.4\%
   \]

**Answer:** The government spending as a share of GDP is **20.4%**.

Do you want details or have any questions? 
Here are five questions related to this topic:
1. How is GDP typically calculated?
2. What are transfer payments, and how do they affect the economy?
3. What are some examples of infrastructure spending?
4. How can changes in tax revenue impact government spending?
5. How does government spending influence economic growth?

**Tip:** To better understand the economy, it's important to look at both government spending and how efficiently it is allocated across different sectors.

Imagine that the only source of a government's budget is tax revenue. The country's GDP is $700 billion. The government's total tax revenue is $214.2 billion; one-third goes to transfer payments, and the rest is spent on infrastructure at the federal, state, and local levels. Calculate government spending as a share of GDP. Enter your answer in the box below, and throughout your calculations, round to one decimal place if necessary.

This problem involves calculating government spending as a percentage of GDP, using tax revenue data. The country's GDP is $700 billion, and $142.8 billion is allocated to infrastructure spending. Learn the steps to determine the government's spending share with clear, concise calculations. Suitable for Grades 10-12.

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