Which of the following is the largest category of federal government expenditures?
A)defense spending
B)transfer payments
C)interest on the debt
D)grants to state and local governments

Question

Quizplus · Accepted Answer

Transfer payments, which include programs such as Social Security, Medicare, and Medicaid, make up the largest category of federal government expenditures. In 2019, transfer payments accounted for approximately 63% of total federal spending, while defense spending accounted for approximately 16%, grants to state and local governments accounted for approximately 8%, and interest on the debt accounted for approximately 7%.

Which of the Following Is the Largest Category of Federal