Three categories of federal government expenditures, in addition to government operations, are
A)debt charges, transfers to other levels of government, and transfer payments.
B)interest on provincial debt, defense spending, and transfer payments.
C)defense spending, budgets of federal agencies, and transfer payments.
D)defense spending, income tax, and transfers.
E)international aid, transfers to citizens, and lending to crown corporations.

Question

Quizplus · Accepted Answer

Debt charges refer to the interest payments on the national debt, transfers to other levels of government are funds transferred from the federal government to provincial and territorial governments, and transfer payments are payments made by the government to individuals or groups for various purposes such as social programs, retirement benefits, and employment benefits. These three categories together make up a significant portion of federal government expenditures. The other options listed do not accurately categorize federal government expenditures.

Three Categories of Federal Government Expenditures, in Addition to Government