Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

U.S. COVID-19 relief policies resulted in which of the following? Multiple Choice The federal budget deficit fell from $3.1 trillion in 2019 to $1 trillion

U.S. COVID-19 relief policies resulted in which of the following? Multiple Choice The federal budget deficit fell from $3.1 trillion in 2019 to $1 trillion in 2020. National defense spending rose as a percentage of federal spending from 2019 to 2020. From 2019 to 2020, pension and income security rose from 36 percent to 46 percent of federal spending. Federal expenditures on health programs for retirees (Medicare) and the low income (Medicaid) increased as a percentage of federal spending by about 20 percent from 2019 to 2020

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics An Intuitive Approach with Calculus

Authors: Thomas Nechyba

1st edition

538453257, 978-0538453257

More Books

Students also viewed these Economics questions

Question

Improving creative problem-solving ability.

Answered: 1 week ago