Principles of Macroeconomics / Unit 14 MAC 1305 short lesson, about 20 seconds
Where the Money Goes
Captions available
The idea
Federal spending concentrates in four places: national defence, retirement benefits, health programmes, and interest on the debt. Defence has fallen as a share of output over decades while retirement and health have risen.
In practice
Interest is the one item bought by past borrowing rather than current choice.
Where people slip
The anchor's own text and summary disagree on the totals, so no share is voiced.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
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