In the Most Recent Fiscal Year, Federal Expenditures on Income

Multiple Choice

In the most recent fiscal year, federal expenditures on income transfers, health care, national defense, and interest on the national debt accounted for

A) less than 20 percent of federal spending.
B) about 40 percent of federal spending.
C) approximately 50 percent of federal spending.
D) more than 85 percent of federal spending.