The largest and fastest-growing category of federal government expenditures is
A)grants to state and local governments.
B)interest on the national debt.
C)national park spending.
D)transfer payments.

Question

Quizplus · Accepted Answer

Transfer payments include programs like Social Security, Medicare, Medicaid, and other welfare programs. These programs make up the largest and fastest-growing category of federal government expenditures. They account for over 50% of the federal budget and are projected to continue growing as the population ages and healthcare costs increase.

The Largest and Fastest-Growing Category of Federal Government Expenditures Is