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Social Science Clinic => Economics => Topic started by: fbq8i on Jun 30, 2018

Title: The largest component of federal government spending is for A) Medicare and Medicaid. B) ...
Post by: fbq8i on Jun 30, 2018

The largest component of federal government spending is for
 
  A) Medicare and Medicaid.
  B) interest on the national debt.
  C) prisons.
  D) national defense.
  E) education.

Question 2

Adding wages, interest, rent, and profits yields
 
  A) net domestic product at factor cost.
  B) gross domestic product at factor cost.
  C) total expenditure.
  D) GNP.
  E) gross domestic product.

Title: The largest component of federal government spending is for A) Medicare and Medicaid. B) ...
Post by: Galvarado142 on Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

A