Which of the following statements is correct?
A) Since the mid-1940s, expenditures on national defense have increased considerably as a percentage of total federal government spending.
B) Since the mid-1940s, expenditures on income security and health programs have increased considerably as a percentage of total federal government spending.
C) Taken together, expenditures on national defense and on income security and health programs now account for less than half of all federal government spending.
D) Expenditures on national defense now account for more than twice as much federal government spending as expenditures on income security and health programs.
Correct Answer:
Verified
Q102: Suppose the economy is initially operating at
Q111: Suppose the economy is initially operating at
Q122: The long-run effect of increasing government budget
Q124: Suppose the economy is initially operating at
Q128: Noncontrollable expenditures are called "noncontrollable" because
A) they
Q136: As a possible approach to eliminating the
Q137: What are the macroeconomic consequences of a
Q138: In the long run, higher government budget
Q144: The fastest growing component of the annual
Q145: By approximately how much would the federal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents