What is the largest single component of federal expenditures?
A) foreign aid
B) defence spending
C) social services
D) interest on the national debt
Correct Answer:
Verified
Q2: When do budget surpluses exist?
A)when government spending
Q3: What type of tax is designed to
Q4: After income taxes,what is the next largest
Q5: What has the government traditionally used to
Q6: What does expansionary fiscal policy consist of?
A)decreased
Q8: What effect would an increase in government
Q9: If government policy makers are worried about
Q10: What action might the government take if
Q11: You are a member of Parliament when
Q12: What does contractionary fiscal policy consist of?
A)increased
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