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.
D
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Explain the concept of the "idea gap" in development economics
What will be an ideal response?
A family on a trip budgets $800 for meals and hotel accommodations. Suppose the price of a meal is $40 . In addition, suppose the family could afford a total of 8 nights in a hotel if they don't buy any meals. How many meals could the family afford if they gave up two nights in the hotel?
a. 1 b. 2 c. 5 d. 8