During the last four decades, the composition of federal spending has
A) been virtually unchanged, but federal spending as a share of GDP has declined substantially.
B) been virtually unchanged, but federal spending as a share of GDP has increased sharply.
C) shifted away from national defense and toward spending on income transfers and health care.
D) shifted away from health care and income transfers and toward spending on national defense.
Correct Answer:
Verified
Q1: Since 1960, the share of federal spending
Q2: Total government spending (federal, state, and local)
Q3: Real (adjusted for inflation) federal spending per
Q4: Which of the following is true about
Q5: Compared to the situation prior to 1980,
Q7: In 1960, more than half (52 percent)
Q8: Government expenditures for Social Security and unemployment
Q9: In 1960, spending on income transfers and
Q10: During the last four decades, defense expenditures
Q11: Given the current structure of the Social
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