The major component of federal government consumption is spending on ________.
A) Social Security,Medicare and Medicaid
B) foreign aid
C) capital goods,e.g.highways and schools
D) national defense
Correct Answer:
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Q2: Transfer payments,like Social Security,are known as entitlements
Q3: Income taxes were made constitutional in the
Q4: A federal government deficit is said to
Q5: The most recent U.S.President to preside over
Q6: Among 33 major economies,government spending (relative to
Q7: The government budget constraint says that _.
A)the
Q8: Federal government outlays include _.
A)transfer payments,grants to
Q9: In 2012,direct government purchases equaled _ percent
Q10: What is the formula for the government
Q11: Which of the following is not a
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