The federal governments major outlay in its budget is_______ and its major source of revenue is _______.
Question:
The federal government’s major outlay in its budget is_______ and its major source of revenue is _______.
A. Debt interest; sales of government bonds
B. Expenditure on goods and services; taxes on goods and services
C. Social Security and other benefits; personal income taxes
D. Subsidies to farmers; corporate taxes
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C Social Security payments are the major ...View the full answer
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