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    Principles of Economics Study Set 12
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    Exam 26: Fiscal Policy
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    The Largest Share of Expenditures by State and Local Governments
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The Largest Share of Expenditures by State and Local Governments

Question 24

Question 24

Multiple Choice

The largest share of expenditures by state and local governments is for


A) purchases of goods and services.
B) national defense.
C) transfer payments.
D) interest payments.
E) law enforcement.

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