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Author Question: Which of the following categories constitutes the majority of federal outlays in 2016? a. National ... (Read 27 times)

Jipu 123

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on: Jun 30, 2018
Which of the following categories constitutes the majority of federal outlays in 2016?
 a. National defense
 b. Interest on the federal debt
 c. Social Security, Medicare, and welfare
  d. Grants to states and localities
 e. Capital expenditures

Question 2

The consumer price index (CPI) overstates the true inflation rate because it ignores changes in consumers' purchasing patterns as relative prices change.
 a. True
  b. False
  Indicate whether the statement is true or false


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reversalruiz

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


Jipu 123

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  • Posts: 569
Reply 2 on: Jun 30, 2018
Excellent

blakcmamba

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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