Despite the large federal deficits during the last few decades,public capital in the U.S.declined because:
A)a growing share of the federal budget goes toward income redistribution,especially for the elderly.
B)of less labor productivity.
C)of increasing farm subsidies.
D)of the growing portion of the national debt owed to foreigners.
E)a growing share of the federal budget goes toward income redistribution,especially for national defense

Question

Quizplus · Accepted Answer

The growing share of the federal budget going towards income redistribution, specifically for the elderly, has led to a decline in public capital in the U.S. This means that less money is being spent on infrastructure and other public investments, and more is being directed towards entitlement programs.

Despite the Large Federal Deficits During the Last Few Decades,public