Asked by
Nitesh Chauhan
on Dec 11, 2024Verified
The major categories of federal government spending are
A) health care, national defense, Social Security, and other income transfers.
B) law enforcement, environmental protection, and national defense.
C) public education, garbage collection, and public parks.
D) health care, public education, and highways.
Federal Government Spending
The expenditure of the central government on goods, services, and obligations, including defense, education, and welfare.
Income Transfers
Payments made from one individual or group to another without an exchange of goods or services, typically aimed at reducing economic inequality, such as social security payments.
- Determine the effects of governmental measures on economic productivity and personal well-being.
- Illustrate the function and relevance of transfer payments in governmental budget proposals.
Verified Answer
HM
Learning Objectives
- Determine the effects of governmental measures on economic productivity and personal well-being.
- Illustrate the function and relevance of transfer payments in governmental budget proposals.