Question : The largest category of federal government spending is:
Option 1: Defense spending
Option 2: Social security
Option 3: Medicare
Option 4: Interest on the national debt
Answer (1)
22nd Jan, 2024
Correct Answer:
Social security
Solution : The correct answer is (b) Social security.
Social security is the largest category of federal government spending in the United States. It is a social insurance program that provides income support to retired workers, disabled individuals, and the surviving spouses and children of deceased workers. Social security spending includes benefits payments to eligible individuals and administrative costs associated with managing the program.
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