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Although Social Security is a problem, same projections indicate that there’s a much bigger time bomb ticking in the federal budget, and that’s Medicare. In 2000, the cost of Social Security was 5.48% of the gross domestic product, increasing by 0.04% of the GDP per year. In 2000, the cost of Medicare was 1.84% of the gross domestic product, increasing by 0.17% of the GDP per year. (Source: Congressional Budget office)
a. Write a function that models the cost of Social Security as a percentage of the GDP x year after 2000.
b. Write a function that models the cost of Medicare as percentage of the GDP x years after 2000.
c. In which year will the cost of Medicare and Social Security be the same? For that year, what will be the cost of each program as a percentage of the GDP? Which program will have the greater cost after that year?
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Chapter 3 Solutions
EBK INTERMEDIATE ALGEBRA FOR COLLEGE ST
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- dent Application X GA spinner is divided into five cox | + 9/26583471/4081d162951bfdf39e254aa2151384b7 A spinner is divided into five colored sections that are not of equal size: red, blue, green, yellow, and purple. The spinner is spun several times, and the results are recorded below: Spinner Results Color Frequency Red 5 Blue 11 Green 18 Yellow 5 Purple 7 Based on these results, express the probability that the next spin will land on purple as a fraction in simplest form. Answer Attempt 1 out of 2 Submit Answer 0 Feb 12 10:11 Oarrow_forward2 5x + 2–49 2 x+10x+21arrow_forward5x 2x+y+ 3x + 3y 4 6arrow_forward
- Calculați (a-2023×b)²⁰²⁴arrow_forwardA student completed the problem below. Identify whether the student was correct or incorrect. Explain your reasoning. (identification 1 point; explanation 1 point) 4x 3x (x+7)(x+5)(x+7)(x-3) 4x (x-3) (x+7)(x+5) (x03) 3x (x+5) (x+7) (x-3)(x+5) 4x²-12x-3x²-15x (x+7) (x+5) (x-3) 2 × - 27x (x+7)(x+5) (x-3)arrow_forward2 Add the rational expressions below. Can you add them in this original form? Explain why or why not. 3x-7 5x + x² - 7x+12 4x-12 Show all steps. State your least common denominator and explain in words your process on how you determined your least common denominator. Be sure to state your claim, provide your evidence, and provide your reasoning before submitting.arrow_forward
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