Refer to the data in the table below to answer the following question. Federal Budget: 2012 Line Item National Defense Human Resources Medicare Other Physical Resources 2012 In millions of dollars 635,698 2,942,658 451,208 2,491,450 220,255 Net Interest Other Functions Undistributed Offsetting Receipts Total Compute the ratio as a percentage of Physical Resources to Human Resources and determine the best interpretation of the percentage. O Physical Resources spending is 7% as much as the amount spent on Human Resources. O Human Resources spending is 7% as much as the amount spent on Human Resources. O The amount spent on Physical Resources is 8%. O Physical Resources is 17% of the budget. 290,496 185,702 - 180,820 4,093,989
Refer to the data in the table below to answer the following question. Federal Budget: 2012 Line Item National Defense Human Resources Medicare Other Physical Resources 2012 In millions of dollars 635,698 2,942,658 451,208 2,491,450 220,255 Net Interest Other Functions Undistributed Offsetting Receipts Total Compute the ratio as a percentage of Physical Resources to Human Resources and determine the best interpretation of the percentage. O Physical Resources spending is 7% as much as the amount spent on Human Resources. O Human Resources spending is 7% as much as the amount spent on Human Resources. O The amount spent on Physical Resources is 8%. O Physical Resources is 17% of the budget. 290,496 185,702 - 180,820 4,093,989
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 38CTQ: Why is spending by the U.S. government on scientific research at NASA fiscal policy while spending...
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