True or false 1) Government spending on healthcare has increased due to recent legislation? t/f

2) the baby boomer generation represents a challenge to the social security system. T/f

3) military spending changed a great deal in the 1970s. T/f

4) the current national debt is roughly $450 billion dollars. T/F

5) China holds a vast portions of the U. S. national debt.

6) the current u. s budget calls for about $1 trillion a year.

7) roughly 21% of the u. s. budget is spent on national defense

8) about 5% of the us budget is spent on welfare.

9) according to experts, most Americans have little understanding of economics?