Author Question: The largest component of federal government spending is for A) Medicare and Medicaid. B) ... (Read 70 times)

fbq8i

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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.



Galvarado142

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Answer to Question 1

A

Answer to Question 2

A



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