A Medical Expense Does Not Have to Relate to a Particular

question 75

True/False

A medical expense does not have to relate to a particular ailment to be deductible.

---

Definitions:

Outlays

Expenses incurred or amount spent for a particular purpose.

Federal Government Budget Surplus

Occurs when a government's income exceeds its spending during a fiscal year.

Aggregate Demand

The aggregate need for products and services throughout an economy, specified at a consistent price level and during a certain time.

National Saving

The total saving in an economy, consisting of both private savings by households and businesses, and public savings by the government.