Economics P13 Flashcards
0
Q
French government spending increased from _____ to ______ of GDP during WWI?
A
10% to 50%
1
Q
Taxes paid for what percent of Great Britain’s war expenditures?
A
24.5%
2
Q
France paid for war expenditures primarily through what means?
A
Deficit Spending
3
Q
What was the French debt level in terms of GDP during WWI?
A
124%
4
Q
What was France’s debt before WWI in GDP?
A
65%
5
Q
France introduced what new tax during WWI?
A
“Extraordinary War Profits” Tax
