Despite the Large Federal Deficits During the Last Few Decades

Multiple Choice

Despite the large federal deficits during the last few decades, public capital in the United States declined because _____

A) a growing share of the federal budget goes toward income redistribution, especially for the elderly.
B) of less labor productivity.
C) of increasing farm subsidies.
D) of the growing portion of the national debt owed to foreigners.
E) a growing share of the federal budget goes toward income redistribution, especially for national defense.