Which of the following is the largest component of federal government expenditures?
A)Transfer payments
B)Interest payments
C)Capital purchases
D)Defense purchases
E)Payroll for federal government employees

Question

Quizplus · Accepted Answer

Transfer payments, such as Social Security, Medicare, and Medicaid, make up the largest component of federal government expenditures, accounting for over 60% of total spending.

Which of the Following Is the Largest Component of Federal