The bar graph shows that in 2001, the U.S. government collected more in taxes than it spent, so there was a budget surplus for that year. By contrast, in 2003 through 2013, the government spent more than it collected, resulting in budget deficits. Exercises 79−80 involve these deficits.
80.
In 2007, the government collected $2568 billion and spent $2729 billion. Find
b. In 2009, the government collected $2105 billion and spent $351 8 billion. Find the deficit,in billions of dollars, for 2009.
c. Use your answers from parts (a) and (b) to determine the combined deficit, in billions of dollars for 2007 and 2009.
Want to see the full answer?
Check out a sample textbook solutionChapter 1 Solutions
EBK INTRODUCTORY ALGEBRA FOR COLLEGE ST
- Four-fifths of the people on a hike are children. If there are 12 children, what is the total number of people on the hike?arrow_forwardA 3rd year student has 75 credits and a cumulative GPA of 2.88. This semester she is registered for 15 credits and hopes to raise his cumulative GPA to 3.00 and make the Dean’s List. Is it possible? What semester GPA will she need to accomplish that? Show your calculations or post a screenshot from your online GPA grade calculator.arrow_forwardA concession stand vendor counts the money in the register. After 1 h, it has $42.75. After 5 h, it has $260.75. How much money will be in the register at the end of an 8-hour shift?arrow_forward
- The average amount of money y spent per person per year on music from iTunes from 2008 to 2013 can be approximat- ed by y = -5.74x + 38.05. In this equation, x represents the number of years since 2008. (Source: billboard.com) a. Complete the table. 1 3 5 y b. Find the year in which the yearly average amount spent on music in iTunes was approximately $26.00. (Hint: Find x when y = 26 and round to the nearest whole number.)arrow_forwardA math course has two midterms and a final exam. Midterm 1 is worth 18% of the final grade, midterm 2 is worth 36% of the final grade, and the final exam is worth 46%. The teacher assigns grades as marks on 100. If a student recieved a mark of 78.1 on the first midterm and 72.6 on the second midterm, what mark does he need on the final exam to get a final grade of 80 in the course. Please use excel for all calculations. Give the answer to 5 decimal places.arrow_forwardForest earns $16.25 per hour working at Chalupa's. In the past two weeks he has worked 47 and 43 hours respectively. What are his total biweekly earnings if his regular workweek is 40 hours and all overtime is paid 1.9 times his regular hourly rate? GAarrow_forward
- A child lost twice as much money in May as he did in April. and he lost three times as much money in April as he did in March. In March he lost 2, 375.51. How much money did he lose in May?arrow_forwardA fraternity wants to buy a new LED Smart TV that costs $1470. If 7 members of the fraternity are not able to contribute, the share for the remaining members increases by $5. How many members are in the fraternity?arrow_forwardQ1-B Many high school students take the AP tests in different subject areas. In 2007, of the 144,796 students who took the biology exam 84,199 of them were female. In that same year, of the 211,693 students who took the calculus AB exam 102,598 of them were female ("AP exam scores," 2013). Estimate the difference in the proportion of female students taking the biology exam and female students taking the calculus AB exam using a 90% confidence level. (iv) Determine error bound of the proportion: Enter value in decimal form rounded to nearest ten-thousandth. Examples of correctly entered answers: 0.0000 0.0010 0.0300 0.6000 0.8147 2.0000 (v) Let "p1" refer to proportion of students taking biology exam. Let "p2" represent proportion of students taking calculus AB exam. Determine the confidence interval of the proportion difference p1 – p2: Enter lower bound value to nearest ten-thousandth, followed by < , followed by "p1-p2" for proportion…arrow_forward
- Eight years ago, Zian was 4 times as old as Xander. How old is Xander now if his age is one-half of Zian?arrow_forwardSuppose Country A spent $50$50 billion on national defense in 2012, which was 10%10% of total government spending. In 2013, Country A's total government spending increased by $60$60 billion compared to 2012. Determine the value of healthcare expenditures in 2013 if they were 5%5% of total government spending.arrow_forwardn their most recent 8-mile training run, Pepe averaged a speed of 1212 of a mile in 4.5 minutes, while Paula averaged 3434 of a mile in 7.5 minutes.How many minutes did it take the faster runner to finish the 8 mile run?arrow_forward
- Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGALAlgebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal LittellIntermediate AlgebraAlgebraISBN:9781285195728Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage Learning
- Algebra for College StudentsAlgebraISBN:9781285195780Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage LearningElementary AlgebraAlgebraISBN:9780998625713Author:Lynn Marecek, MaryAnne Anthony-SmithPublisher:OpenStax - Rice University