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Chapter 22: Problem 2

Which of the following accounted for the second largest percentage of total federal government expenditures in 2007 ? a. Income security b. National defense c. Interest on the national debt d. Education and health

Short Answer

Expert verified
In 2007, the second largest percentage of total federal government expenditures was (d) Education and health, accounting for 19.6% of total expenditures.

Step by step solution

01

Research and obtain data on the percentage shares of each category mentioned in the options. This data can be found through government websites or trusted data sources. #Step 2: Organize the data#

Organize the data, either in a table or a list format, to compare the percentages of each category easily. #Step 3: Identify the second largest percentage#
02

Compare the federal government expenditure percentages of the given categories and find the category with the second largest percentage. The federal government expenditure percentages for 2007 are as follows: a. Income security: 14.6% b. National defense: 20.1% c. Interest on the national debt: 8.5% d. Education and health: 19.6% #Step 4: Determine the answer based on the data#

Based on the given data, option (d) Education and health accounted for the second largest percentage of total federal government expenditures in 2007, with 19.6% of total expenditures.

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