The size of the government is a concern to various ideological views. Identify the issue on...

 

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The size of the government is a concern to various ideological views. Identify the issue on how best to present and measure the size of government. Complete the following analysis Expenditure Defense Health Medicare 1997 285,7 123.8 190.0 Income Security 235.0 Social Security 365.3 Net Interest 244.0 other 157.3 Total 1601.1 GDP GDP Deflator Population GDP 1997 8.3324 trill 84.628 272.958 mill 2001 321.2 172.2 217.4 269.8 433.0 206.2 243.1 1862.8 GDP 2001 10,2862 trill 90.727 285.225 mill 2007 579.8 266,4 375.4 366.0 586.2 237.1 317.9 2728.7 GDP 2007 14.028 trill 106.231 301.696 mill 2011 751.3 372.5 485.7 597.4 730.8 230.0 435.5 3603.1 GDP 2011 15.094 trill 113.338 C. Calculate the change in real Govt. expenditures per capita and explain 312.040 mill a. Calculate the absolute change in federal expenditures for years 2007-2011. Explain the significance or benefit of this information. B Calculate the change in federal expenditures in Real (inflation adjusted 2011 dollars) terms, explain the significance D Calculate the change in total expenditure per GDP, expenditure as percentage of GDP and note the difference between 2007 and 2011 The size of the government is a concern to various ideological views. Identify the issue on how best to present and measure the size of government. Complete the following analysis Expenditure Defense Health Medicare 1997 285,7 123.8 190.0 Income Security 235.0 Social Security 365.3 Net Interest 244.0 other 157.3 Total 1601.1 GDP GDP Deflator Population GDP 1997 8.3324 trill 84.628 272.958 mill 2001 321.2 172.2 217.4 269.8 433.0 206.2 243.1 1862.8 GDP 2001 10,2862 trill 90.727 285.225 mill 2007 579.8 266,4 375.4 366.0 586.2 237.1 317.9 2728.7 GDP 2007 14.028 trill 106.231 301.696 mill 2011 751.3 372.5 485.7 597.4 730.8 230.0 435.5 3603.1 GDP 2011 15.094 trill 113.338 C. Calculate the change in real Govt. expenditures per capita and explain 312.040 mill a. Calculate the absolute change in federal expenditures for years 2007-2011. Explain the significance or benefit of this information. B Calculate the change in federal expenditures in Real (inflation adjusted 2011 dollars) terms, explain the significance D Calculate the change in total expenditure per GDP, expenditure as percentage of GDP and note the difference between 2007 and 2011

Answer rating: 100% (QA)

a In 2011 the federal expenditure was 36031 which was increased from its level of 27287 in 2007 The ... View the full answer