Which of the Following Is NOT True of Federal Expenditures

question 6

Multiple Choice

Which of the following is NOT true of federal expenditures since 1945?

• A)The overall federal budget has grown.
• B)Education spending has taken a larger share of the federal budget.
• C)Social Security expenditures have grown.
• D)Expenditures for National Defense have taken a smaller share of the federal budget.

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Definitions:

Profit

The financial gain realized when the revenue generated from business activities exceeds the expenses, taxes, and costs.

Convergence

The movement of the price of a futures contract towards the spot price of the underlying asset as the delivery date approaches.

Futures Contracts

Legal agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Spot Price

The current market price at which a particular asset can be bought or sold for immediate delivery.