From the lecture, the four largest types of Federal government spending in Fiscal Year 2022, were: (1) civilian health care (Medicare, Medicaid, and Obamacare subsidies for private insurance) ($1343 B or 21.4%); (2) social security ($1206 B or 19.2%) (3) military ($1063 B or 16.9%) - note that this is an undercount as there is military spending in the Department of Energy or DoE, and foreign aid that is not included here. This figure is only the Department of Defense and Veterans Administration; and (4) Department of Education, ($639 B or 10.2%) mainly for student loan forgiveness - this is ten times the usual number. Which of the "big four" types of spending last year were government purchases of goods and services? Group of answer choices

a. Health care and military. 

b. Only the military. 

c. Military and education. 

d. All four are types of government spending.

Answer rating: 100% (QA)

The correct answer is a Health care and military Elaboration Civilian Health Care Medicare Medicaid ... View the full answer