The majority of payments made by the federal government are for
A)transfer payments.
B)administrative expenses.
C)foreign aid.
D)defense purchases.

Name: The majority of payments made by the federal government are for A)transfer payments. B)administrative expenses. C)foreign aid. D)defense purchases.
Brand: Quizplus
Rating: 4.9 (30 reviews)

Question

Quizplus · Accepted Answer

Transfer payments, which include Social Security, Medicare, and Medicaid, are the largest portion of the federal government's expenditures, accounting for over half of all federal spending.

The Majority of Payments Made by the Federal Government Are