As a percentage of GDP, all of the following federal government expenditures are expected to increase from 2012 to 2042 except
A) Social Security.
B) Medicare and Medicaid.
C) the net interest on the federal debt.
D) national defense.
D
Economics
You might also like to view...
Refer to the scenario above. The seller will earn a revenue of ________
A) $100 B) $300 C) $200 D) $400
Economics
During a drought, the price elasticity of demand for water is less than one. During a flood, the price elasticity of demand for water is greater than one. This means that the:
a. demand for water is elastic during a drought and inelastic during a flood. b. demand for water is inelastic during a drought and elastic during a flood. c. demand curve for water cannot have a constant slope. d. quantity of water people choose to consume is independent of the price
Economics