All of the Following Are Noncontrollable Government Expenditures EXCEPT

question 113

Multiple Choice

All of the following are noncontrollable government expenditures EXCEPT

• A) Social Security.
• B) national defense spending.
• C) Medicare.
• D) unemployment benefits.

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Definitions:

Output

Represents the total amount of goods and services produced by an economy over a specific period.

Average Variable Cost

The total variable costs (costs that change with the amount of output produced) divided by the quantity of output produced.

Fixed Cost

Costs that do not vary with the level of output or activity, such as rent or salaries.

Marginal Cost

The increased cost incurred from making one more unit of a product or service.