In 2010, Federal Expenditures on Income Transfers, Health Care, National

question 229

Multiple Choice

In 2010, federal expenditures on income transfers, health care, national defense, and interest on the national debt accounted for

• A) less than 20 percent of federal spending.
• B) about 40 percent of federal spending.
• C) approximately 50 percent of federal spending.
• D) more than 85 percent of federal spending.

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Definitions:

Skepticism

An attitude of doubt or a disposition to incredulity either in general or toward a particular object.

Hindsight Bias

The tendency to perceive events as having been predictable after they have already occurred.

Exaggerate

To describe something in a way that makes it seem larger, better, worse, or more important than it actually is.

Foresight

The ability to anticipate future events, needs, or problems and prepare for them.