The federal government's major outlay in its budget is_______ and ...

[dbose]

The federal government's major outlay in its budget is_______ and its major source of revenue is _______.
 
  A. debt interest; sales of government bonds
  B. expenditure on goods and services; taxes on goods and services
  C. Social Security and other benefits; personal income taxes
  D. subsidies to farmers; corporate taxes

Question 2

A corporation is owned by its
 
  A) employees. B) stockholders. C) CEO. D) board of directors.

[Brenm]

Answer to Question 1

C Social Security payments are the major part of the govern-ment's transfer payments, which is the largest outlay item. On the revenue side, personal income taxes slightly exceed Social Security taxes in revenue collected.

Answer to Question 2

B