Which of the Following Categories Accounted for the Lowest Percent

question 119

Multiple Choice

Which of the following categories accounted for the lowest percent of the total federal government expenditures in recent years?

• A) Income security.
• B) National defense.
• C) Education and health.
• D) Interest on the national debt.

---

Definitions:

Present Value

The present-day value of a sum of money to be received in the future or a series of future cash flows, based on a certain return rate.

Cash Flow

A financial measurement that shows the net amount of cash and cash-equivalents being transferred into and out of a business over a specified period.

Annuity

A finite series of equal payments at equal intervals of time. In an ordinary annuity the payments occur at the ends of the time periods. In an annuity due, they occur at the beginnings.

Discounted Value

The present value of a future amount of money or a series of cash flows, adjusted for time value of money.