Rank the following federal government outlays from the largest to the smallest.
I. debt interest
II. transfer payments
III. expenditure on goods and services

Question

Quizplus · Accepted Answer

Transfer payments are the largest category of federal outlays, including Social Security, Medicare, and Medicaid. Expenditure on goods and services includes defense and education spending, among others, and is smaller. Interest on the national debt, while significant, is the smallest of the three categories listed.

Rank the Following Federal Government Outlays from the Largest to the Smallest