5. Allocation of government expenditures Federal and local governments tax and s

Question

5. Allocation of government expenditures

Federal and local governments tax and spend. The following pie charts show the allocation of federal and local government expenditures in 2012.

(Source: Bureau of Economic Analysis, “Government Current Expenditures by Function,” National Income and Product Accounts Tables, www.bea.gov)

True or False: National defense makes up the largest share of federal expenditures.

True

False

Federal State and Local All other 14% Health and Public Welfare (Includes health and welfare and Pensions and Income Security 33% social services Education 32% Interest not disability) 22% 11% National Defense 17% Health 25% All other 40% Highways 6.0%

Explanation / Answer

False

Local governments appear to spend through 6 percent on the construction and support of Highways. Be that as it may, Highways keep running from length and breadth of the economy and they are not exclusively a piece of local state government. Likewise the graph portrays the expenditure in percentage which does not approve the claim.

Subsequently it is false.

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