Question: The data table below provides the same line item data from state budgets in North Dakota; however, now the data has been adjusted for inflation.

The data table below provides the same line item data from state budgets in North Dakota; however, now the data has been adjusted for inflation. All of the data is given in terms of 2003 dollars. Calculate the inflation adjusted per capita expenditure (amount paid per state resident in terms of 2003 dollars) for each of the three given line items (higher education, transportation, and total budget) both in 2003 and again in 2014. Record your answers in the table at the bottom of the page (or in some similar table) using correct units of measure. Write a few sentences that interpret these results and compare and contrast the changes in inflation-adjusted per capita spending in these line items over this time period.

State of North Dakota

Year

inflation adjusted budget line items

Population of the State

Higher Education

(in millions of 2003 dollars)

Transportation

(in millions of 2003 dollars)

Total Budget

(in millions of 2003 dollars)

2003

230

385

2496

631,680

2004

234

387

2495

635,480

2005

256

425

2644

634,528

2006

266

457

2687

636,019

2007

270

395

2731

637,534

2008

311

384

2871

640,525

2009

334

508

3459

645,903

2010

342

551

4047

674,526

2011

308

691

4284

685,476

2012

311

728

4352

702,087

2013

398

1169

5108

724,019

2014

439

1469

5625

739,904

State of North Dakota

Year

budget line items

Population of the State

Higher Education

(in millions

of dollars)

Transportation

(in millions

of dollars)

Total Budget

(in millions

of dollars)

2003

230

385

2496

631,680

2014

439

1469

5625

739,904

Year

Inflation Adjusted Per Capita Expenditure

Population of the State

Higher Education

Transportation

Total Budget

2003

631,680

2014

739,904

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