Approximately what percentage of the annual federal budget pays interest on the national debt?
A) 2 percent
B) 7 percent
C) 9 percent
D) 15 percent
E) 25 percent
Correct Answer:
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Q16: The federal debt
A)consists of all the money
Q17: The statement,"The largest determining factor of the
Q18: Medicare was added in 1965 to the
Q19: What is the largest social policy of
Q20: Expenditures that are determined by how many
Q22: A budget deficit occurs when expenditures exceed
A)revenues.
B)borrowing.
C)appropriations.
D)inflation.
E)authorizations.
Q23: The fastest growing source of federal revenue
Q24: The picture of the federal budget is
Q25: Corporations today pay
A)income taxes,which account for most
Q26: A tax system where those with more
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