.11 T-Mobile Wi-Fi 8:21 AM mathxl.com Issues and Applications, Borrowing Total D

Question

.11 T-Mobile Wi-Fi 8:21 AM mathxl.com Issues and Applications, Borrowing Total Discretionary Spending-- And More Consider the figure below that shows the percentage of federal tax receipts available for federal discretionary spending 140 120 100 90 60 40 20 -20 993 1995 10071909 2001 2003 2006 2007 2009 2011 2013 2015 The federal government's tax revenues have been insufficient to pay for any of its discretionary spending because of the 0 A, huge amount of funds allocated to spending on infrastructure. O B. fall in the interest on debt payment. C. rapid rise in the payment for entitlements. 0 D. sudden increase in the money supply.

Explanation / Answer

Correct Answer:

C.

Explanation:

Most of the funds being collected from tax is being spent upon the entitlements. It makes insufficient tax collections to be spent upon the discretion fiscal spending.

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