Which of the Following Is Considered Mandatory Government Spending

question 59

Multiple Choice

Which of the following is considered mandatory government spending?

• A) funding for the Environmental Protection Agency
• B) payments to active military personnel
• C) infrastructure maintenance spending
• D) international aid to poor countries
• E) payments to Social Security recipients

---

Definitions:

Compounded Monthly

Interest calculated monthly on the principal sum plus previously earned interest.

Equal Payments

Regularly scheduled payments of the same amount, common in loans and amortization plans.

Compounded Annually

Interest that is calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan, done once a year.

Compounded Monthly

This refers to the calculation of interest on the initial principal and the accumulated interest over previous periods on a monthly basis.