In most developed economies,public spending on national defense

Question

Quizplus · Accepted Answer

While public spending on national defense is significant in most developed economies, it is typically not the largest component of the government's budget nor does it account for 1/3 of GDP. Transfer payments, such as social welfare programs, often receive a larger share of government spending. Infrastructure expenditures are typically tracked separately from defense spending, and there is no national system of subscriptions for financing defense. Therefore, option C, which states that defense spending is less than spending on transfer payments, is the best choice.

In Most Developed Economies,public Spending on National Defense