Assume that the composition of federal outlays and receipts shown in the figure remained the same in 2017. In the figure, the categories "Defense and homeland security" and "Non-defense discretionary" are discretionary outlays.and all other categories are mandatory outiays. Also assume that the total spending was $2.32 trilion. Complete parts (a) and (b) below.Federal Spending|Social Security 21NMedicare 14O Interest on dett 7%Medicaid, govemment pensions and other mandatory spending 25%Delerse and homeland security 17%| Non-delense discretorary 16%a. About how much was spent on non-defense discretionary outlays in 2017?billion(Round to one decimal place as needed.)b. Suppose that combined spending on Social Security and Medicare increased by 5% from its 2017 level, but total spending remained unchanged. Assuming that all the needed cuts came from non-defense discretionary spending,how much would this spending decrease? Give the answer both in dollars and as a percentage.This spending would decrease by S billion, or%.(Round to one decimal place as needed.)

Total spending = $ 2.32 trillion spending on non-defense discretionary = 16%

Answered: Assume that the composition of federal…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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None
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