In 2016,Social Security and Medicare Payments Accounted for Almost _____

question 21

Multiple Choice

In 2016,Social Security and Medicare payments accounted for almost _____ of federal outlays.

• A)7 percent
• B)25 percent
• C)15 percent
• D)38 percent
• E)52 percent

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Definitions:

Product Differentiation/Innovation

The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.

USMCA

The United States–Mexico–Canada Agreement, a trade deal that replaced NAFTA to govern trade relations between these three countries.

Tariff Barriers

Taxes or duties imposed on imported or exported goods to regulate trade and protect domestic industries from foreign competition.

Canada

A country in North America, known for its vast landscapes, multicultural cities, and as the second largest country in the world by total area.