Which component makes up the largest part of government outlays in the federal budget?
A) payment of indirect tax
B) transfer payments
C) debt interest
D) government expenditures on goods and services

Question

Quizplus · Accepted Answer

Transfer payments, which include programs such as Social Security, Medicare, and Medicaid, make up the largest part of government outlays in the federal budget. In fact, they account for approximately two-thirds of all federal spending.

Which Component Makes Up the Largest Part of Government Outlays