In 1960, spending on income transfers and health care accounted for 21.5 percent of the federal budget. Today these two items account for
A) less than 15 percent of the federal budget.
B) approximately 25 percent of the federal budget.
C) approximately 36 percent of the federal budget.
D) approximately 66 percent of the federal budget.
Correct Answer:
Verified
Q4: Which of the following is true about
Q5: Compared to the situation prior to 1980,
Q6: During the last four decades, the composition
Q7: In 1960, more than half (52 percent)
Q8: Government expenditures for Social Security and unemployment
Q10: During the last four decades, defense expenditures
Q11: Given the current structure of the Social
Q12: Compared to the situation during the first
Q13: During the first 125 years of the
Q14: Concerning government spending, which of the following
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