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Assume that the composition of federal oufays 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 $232 trilion. Complete parts (a) and (b) below Fede Spending Social Security 21 Medicare 14 Interest on de Medicad govemment pensions and other mandatory spending 25s Delerse and homeland security 17% Non-delense dsctoray 1e% a. About how much was spent on non-defense dacrefionary outlays in 20177 bition (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 dearease by SDilon, or (Round to one decimal place as needed.)

Assume that the composition of federal oufays 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 $232 trilion. Complete parts (a) and (b) below Fede Spending Social Security 21 Medicare 14 Interest on de Medicad govemment pensions and other mandatory spending 25s Delerse and homeland security 17% Non-delense dsctoray 1e% a. About how much was spent on non-defense dacrefionary outlays in 20177 bition (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 dearease by SDilon, or (Round to one decimal place as needed.)

MATLAB: An Introduction with Applications
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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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 21N Medicare 14 O 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.)
Transcribed Image Text: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 21N Medicare 14 O 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.)
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