Asked by carlene powers on Apr 30, 2024
Verified
Which is the most accurate statement?
A) Government spending on defense declined between 2001 and 2008.
B) The United States spends more on defense than all other nations combined.
C) Social Security benefits are not indexed for inflation.
D) The national debt is twice what it was in 1980.
Defense Spending
Government expenditure on military and defense-related activities, including salaries, equipment, research, and development.
National Debt
The total fiscal debt amassed by a country's government, sourced through a variety of methods.
Social Security Benefits
Government-provided financial assistance to eligible individuals, including retirees, disabled persons, and survivors.
- Grasp the purpose and economic implications of federal government expenditures.
- Familiarize yourself with historical milestones that have formed federal budgetary policies.
Verified Answer
DC
David CaffreyMay 04, 2024
Final Answer :
B
Explanation :
The United States has historically spent more on defense than any other nation, and for many years, its defense budget has been larger than the combined defense spending of several other leading countries. This reflects the country's global military commitments and strategic interests.
Learning Objectives
- Grasp the purpose and economic implications of federal government expenditures.
- Familiarize yourself with historical milestones that have formed federal budgetary policies.