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True or False: Pensions and income security make up the largest share of federal expenditures.

True or False: Pensions and income security make up the largest share of federal expenditures.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Federal and local governments tax and spend. The following pie charts show the allocation of federal and local government expenditures in 2016.
 
True or False: Pensions and income security make up the largest share of federal expenditures.
Federal State and Local All other 12% Interest 11% Pensions and Income Security 33% All other Education 33% 31% Health 30% National Defense 14% Highways 6.0% `Health and Public Welfare (includes health and welfare and social services, not disability) 30%
Transcribed Image Text:Federal State and Local All other 12% Interest 11% Pensions and Income Security 33% All other Education 33% 31% Health 30% National Defense 14% Highways 6.0% `Health and Public Welfare (includes health and welfare and social services, not disability) 30%
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