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In 2016, the U.S. government agreed to give away its remaining ownership in

a) NASA
b) Social Security Administration
c) Federal Reserve
d) General Motors

User Kevmc
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1 Answer

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Final answer:

In 2016, the U.S. government completed the divestiture of its remaining stake in General Motors. Other entitlement programs outside of Social Security and Medicare constitute significantly less than one-quarter of the U.S. federal budget. The correct option is d.

Step-by-step explanation:

In 2016, the U.S. government agreed to give away its remaining ownership in General Motors. After the economic downturn that happened in 2008, the U.S. government stepped in to bail out several major corporations, including General Motors, to prevent them from failing and to protect the economy. Over time, the government sold its shares in these companies to recoup the bailout funds, and in 2016, it divested its remaining stake in General Motors.

Regarding the entitlement programs question, setting aside Social Security and Medicare, other entitlement programs in the U.S. government came under one-quarter of the budget. Programs such as Temporary Assistance for Needy Families (TANF), Supplemental Nutrition Assistance Program (SNAP), unemployment insurance, and housing assistance are smaller in size compared to the massive expenditures on Social Security, Medicare, and Medicaid, which together nearly amount to half of the federal budget.

Hence, Option d is correct.

User Lekant
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