Which of the following statements is (are) correct? (x) One of the largest categories of federal government spending is Social Security and it is growing because the elderly population is increasing due to longer life expectancy for U.S citizens. (y) Although government spending on national defense includes weapons, military vehicles, and salaries of military personnel, tax revenue is not used to pay for those items. (z) The largest single expenditure category for most state and local governments is education. (x), (y) and (z) (x) and (y) only (x) and (z) only (y) and (z) only

Which of the following statements is (are) correct? (x) One of the largest categories of federal government spending is Social Security and it is growing because the elderly population is increasing due to longer life expectancy for U.S citizens. (y) Although government spending on national defense includes weapons, military vehicles, and salaries of military personnel, tax revenue is not used to pay for those items. (z) The largest single expenditure category for most state and local governments is education. (x), (y) and (z) (x) and (y) only (x) and (z) only (y) and (z) only

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter32: The Land Market And Natural Resources

Section: Chapter Questions

Problem 10E

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Hi I wanted to see anyones thoughts on this problem here and if my chosen answer is correct
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