Which of the following is true regarding U.S. federal government expenditures?
A) National defense has fallen from 52.2 percent of the federal budget in 1960 to 21 percent in 2008.
B) Federal expenditures on income transfers and health care have risen from 21.5 percent of the budget in 1960 to 57.7 percent in 2008.
C) Corrected for inflation, the average person today pays more federal taxes in one week than the average person in 1900 paid in an entire year.
D) All of the above are true.
Correct Answer:
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