Federal Outlays
What will be an ideal response?
Social Security and Medicare made up
33 percent of federal outlays in 2011, and national defense 24 percent. Interest on the federal debt represented 6 percent of federal
outlays.
You might also like to view...
Refer to Scenario 17.4. If the flood control system were not in place, the insurer would not be willing to insure against the flood for any premium less than
A) $5,000. B) $10,000. C) $100,000. D) $200,000. E) $1,000,000.
As a result of an expansionary monetary policy:
a. both aggregate expenditure and aggregate demand increase b. both aggregate expenditure and aggregate demand decrease. c. aggregate expenditure increases and aggregate demand decreases. d. aggregate expenditure decreases and aggregate demand increases. e. aggregate expenditure remains unchanged; aggregate demand increases.