The following statements regard the role of spending money in the economy. Label each true or false.
1. Since the overall economy is not doing well during a recession, government spending typically decreases as a percentage of gross domestic product (gdp).
2. The U.S GDP measures spending carried out by consumers, investors, and goverments in the US but not the spending of foreigners, since they are not part of the US.
3. The government can help guide the economy out of a recession by spending on programs which create jobs, such as investing in infrastructure.
4. The US does not have the highest government spending per person in the world.