Personal Consumption Expenditures Is the Smallest Component of Total Spending

question 194

True/False

Personal consumption expenditures is the smallest component of total spending.

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Definitions:

Antifederalist

Individuals who opposed the creation of a stronger U.S. federal government and the ratification of the Constitution in 1787-88, preferring more power to be held by state governments.

Federalist

An advocate or supporter of federalism, particularly referring to those who supported the ratification of the U.S. Constitution in the late 18th century.

Bill of Rights

The initial ten amendments to the United States Constitution, guaranteeing fundamental rights and liberties to American citizens.

Antifederalists

Individuals who opposed the ratification of the U.S. Constitution, favoring stronger state governments over a centralized federal government.