Question

As of the year 2010, what are the three largest areas of spending for the federal government? Describe the types of programs that each area covers

Answer 1

Answer:

Governments make direct purchase of goods and services. The federal government, for example, buys guns, bullets, tanks, and uniforms, etc. and pays soldiers to supply the national defense. Governments also make “transfer payments” such as welfare, Social Security, Medicare, Medicaid, and unemployment insurance.