Federal obligations for benefit programs and the national debt were $63.8 trillion in 2008. The cost per

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Federal obligations for benefit programs and the national debt were $63.8 trillion in 2008. The cost per household ($) for various categories was as follows:
Category Cost per Household ($)
Civil servant retirement..........................15,851
Federal debt.......................................54,537
Medicare.........................................284,288
Military retirement..............................29,694
Social Security.................................160,216
Other...............................................2,172
a. Compute the percentage of values in each category.
b. What conclusions can you reach concerning the benefit programs?
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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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