Historically, the AMT has always affected a significant number of taxpayers

Which of the following statements is CORRECT?

A) Taken together, expenditures on national defense and on income security and health programs now account for less than half of all federal government spending. B) Expenditures on national defense now account for more than twice as much federal government spending as expenditures on income security and health programs. C) Since the mid-1940s, expenditures on national defense have increased considerably as a percentage of total federal government spending. D) Since the mid-1940s, expenditures on income security and health programs have increased considerably as a percentage of total federal government spending.

If UIP holds and the home currency is expected to appreciate by 4%, then the home interest rate is:

a. 6% b. 5% c. 4% d. Not enough information is provided to answer the question