A friend of yours argues that federal government spending is out of control and significant cuts in spending are needed to reduce the size of the government. She tells you that if we cut federal government spending on research and foreign aid, it will really reduce the size of the government. Refer to Figure 2 in the text for information on the budget. a. What percentage of federal government spending comes from research and foreign aid? 4 Share of federal spending: b. How much will the federal government spend on research and foreign aid if the federal government's total spending is $1.2 trillion. 172 Incorrect Incorrect % ୪୧ billion
A friend of yours argues that federal government spending is out of control and significant cuts in spending are needed to reduce the size of the government. She tells you that if we cut federal government spending on research and foreign aid, it will really reduce the size of the government. Refer to Figure 2 in the text for information on the budget. a. What percentage of federal government spending comes from research and foreign aid? 4 Share of federal spending: b. How much will the federal government spend on research and foreign aid if the federal government's total spending is $1.2 trillion. 172 Incorrect Incorrect % ୪୧ billion
Chapter11: Fiscal Policy
Section: Chapter Questions
Problem 19E
Related questions
Question
A friend of yours argues that federal government spending is out of control and significant cuts in spending are needed to reduce the size of the government. She tells you that if we cut federal government spending on research and foreign aid, it will really reduce the size of the government. Refer to Figure 2 in the text for information on the budget. a. What percentage of federal government spending comes from research and foreign aid? b. How much will the federal government spend on research and foreign aid if the federal government's total spending is $1.2 trillion.
Transcribed Image Text:A friend of yours argues that federal government spending is out of control and significant cuts in spending are needed to reduce
the size of the government. She tells you that if we cut federal government spending on research and foreign aid, it will really
reduce the size of the government. Refer to Figure 2 in the text for information on the budget.
a. What percentage of federal government spending comes
from research and foreign aid?
4
Share of federal spending:
b. How much will the federal government spend on research
and foreign aid if the federal government's total spending is
$1.2 trillion.
172
Incorrect
Incorrect
%
୪୧
billion
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