Since the 1950s, total government expenditures generally have:
A)been less than total government receipts.
B)been equal to total government receipts.
C)increased more slowly than government purchases.
D)increased more rapidly than government purchases.

Question

Quizplus · Accepted Answer

Total government expenditures have been increasing more rapidly than government purchases. This is because government expenditures include not only purchases of goods and services but also transfer payments such as social security, Medicare, and other entitlement programs. These programs have grown in size over the years, driving up total government expenditures even faster than government purchases.

Since the 1950s, Total Government Expenditures Generally Have