ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Highways
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Education
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Fire and Police
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Medical Costs
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Detailed explanation-1: -State and local governments spend most of their resources on education and health care programs. In 2020, about one-third of state and local spending went toward combined elementary and secondary education (21 percent) and higher education (9 percent).
Detailed explanation-2: -State and Local Government Spending The single biggest item is education, which accounts for about one-third of the total. The rest covers programs like highways, libraries, hospitals and healthcare, parks, and police and fire protection.
Detailed explanation-3: -Housing (25-35 percent) Transportation (10-15 percent) Food (10-15 percent) Utilities (5-10 percent) Insurance (10-25 percent) Medical & Healthcare (5-10 percent) Saving, Investing, & Debt Payments (10-20 percent) Personal Spending (5-10 percent) More items •28-Feb-2023
Detailed explanation-4: -19 % Social Security. 15 % Health. 14 % Income Security. 12 % National Defense. 12 % Medicare. 11 % Education, Training, Employment, and Social Services. 8 % Net Interest. 4 % Veterans Benefits and Services. More items