Which of the following statements characterizes government transfer payment spending in the United States between 1960 and 2015?

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Transfer payment spending by the federal government and by state and local governments has more than tripled as a percentage of GDP between 1960 and 2015. This is due to the expansion of programs such as Social Security, Medicare, and Medicaid, as well as increased spending on other types of transfer payments such as unemployment insurance and food assistance.

Which of the Following Statements Characterizes Government Transfer Payment Spending