Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3. Government Finances - an Overview. The Excel spreadsheets PS3-datal.xls and PS3-data2.xls on Canvas provide data from the 2019 Economic Report of the President on
3. Government Finances - an Overview. The Excel spreadsheets PS3-datal.xls and PS3-data2.xls on Canvas provide data from the 2019 Economic Report of the President on government outlays (expenditures) and receipts (tax revenues). PS3-datal.xls is Table B-48 from the report and PS3-data2.xls is Table B-47. Use PS3-datal.xlsx to answer questions (a)-(d). Use PS3-data2.xls to answer part (e). a. For the year 2018, roughly how much total tax revenue did the government collect? What was total government expenditure in 2018? Is there a surplus or a deficit in that year? How big is it? b. Roughly what is the size of the government debt? How much debt is in the hands of the Federal Reserve System? c. How much revenue did the government raise in 2018? How much came from individual income taxes (as a percent of the total)? What percent of total federal tax revenue comes from the corporate income tax? How much was total revenue in 2015. How much did total revenue change from 2015 to 2018? d. What are the five largest expenditure categories in federal outlays (i.e. expenditures)? of these, which ones are transfers and which ones are actual spending? What percent of total outlays is accounted for just by National Defense, Social Security, and Net Interest Spending? How much were total outlays in 2015? How much did total outlays change from 2015 to 2018? e. Plot out the nominal value of the Surplus or Deficit ) column (the last column in PS- data2.xls) for 1953-2018. Plot out the ratio of the Surplus or Deficit (-) column to total government receipts for 1953-2018. TABLE B-48. Federal receipts, outlays, surplus or deficit, and debt, fiscal years 2015-2020 [Millions of dollars; fiscal years) Actual Estimates Description 2015 2016 2017 2018 2019 2020 RECEIPTS, OUTLAYS, AND SURPLUS OR DEFICIT Total: Receipts. 3,249,887 3,267,961 3,316,182 3,329,904 3.437,656 3,644,772 Outlays. 3,691,847 3,852,612 3,981,628 4,109,0424,529,1884,745,573 Surplus or deficit (-) -441,960 -584,651 -665,446 -779.138 -1,091,532 - 1,100,801 On-budget: Receipts. 2,479,515 2,457,781 2,465,564 2,475,157 2,526,542 2,695,492 Outlays. 2,948,770 3,077.939 3,180,427 3,260,470 3,620,287 3,777,890 Surplus or deficit (-). -469,255 -620,158 -714,863 -785,313 -1,093,745 -1,082,398 Off-budget: Receipts. 770,372 810,180 850,618 854,747 911,114 949,280 Outlays. 743,077 774,673 801,201 848,572 908,901 967,683 Surplus or deficit (-) 27,295 35,507 49,417 6,175 2,213 -18,403 OUTSTANDING DEBT, END OF PERIOD Gross Federal debt. Held by Federal Government accounts. Held by the public. Federal Reserve System. Other. RECEIPTS BY SOURCE Total: On-budget and off-budget. 18,120,106 5,003,414 13,116,692 2,461,947 10,654,745 19,539,450 5,371,826 14,167,624 2,463,456 11,704,168 20,205,704 5,540,265 14.665,439 2,465,418 12,200,021 21,462,277 5,712,692 15,749,585 2,313,209 13,436,376 22,775,547 24,057,463 5,856,940 5 ,970,595 16,918,60718,086,868 3,249,887 3,267,961 3,316,182 3,329,904 3,437,656 3,644,772 Individual income taxes. Corporation income taxes. Social insurance and retirement receipts. On-budget. Off-budget. 1,540,802 343,797 1,065,257 294,885 770,372 1,546,075 299,571 1,115,065 304,885 810,180 1,587,120 297,048 1,161,897 311,279 850,618 1,683,538 204,733 1,170,701 315,954 854,747 1,698,353 216,194 1,242,405 331,291 911,114 1,824,185 255,161 1,295,484 346,204 949,280 Excise taxes. Estate and gift taxes. Customs duties and fees. Miscellaneous receipts. Deposits of earnings by Federal Reserve System. All other. Legislative proposals! 98,279 19,232 35,041 147,479 96,468 51,011 95,026 21,354 34.838 156,032 115,672 40,360 83,823 22,768 34,574 128,952 81,287 47,665 94,986 22,983 41,299 111,664 70,750 40,914 98,669 19,295 69,469 93,271 48,783 44,488 108,835 19,304 48,383 94,379 49,474 44,905 -959 OUTLAYS BY FUNCTION Total: On-budget and off-budget 3,691,847 3,852,612 3,981,628 4,109,042 4,529,188 4,745,573 National defense. 589,659 593,372 598,722 631,161 684,568 737,886 International affairs. 52,040 45,306 46,309 48,972 54,337 53,125 General science, space, and technology 29,412 33,816 34,587 30,174 30,394 31,534 Energy 6,838 3,719 3,856 2,169 3,194 3,536 Natural resources and environment. 36,033 39,082 37,896 39,140 39,864 43,690 Agriculture 18,500 18,342 18,870 21,787 38,068 19,474 -9,470 Commerce and housing credit. -37,905 -34,077 -26,685 -26,394 -5,126 -8,005 On-budget. -36,195 -32,716 -24,412 -25,450 -5,256 Off-budget -1,710 -1,361 -2,273 -1,465 -944 130 Transportation Community and regional development 89,533 98,907 100,889 92,566 93,552 92,785 20,140 24,907 20,669 42,159 33,001 35,664 95,516 Education, training, employment, and social services. Health 122,061 109,737 143,976 142,527 112,368 551,216 600,966 615,950 482,231 511,297 533,129 685,230 Medicare. 546,202 594,536 597,307 588,706 651,199 Income security Social security. 495,318 508,843 514,139 503,484 533,228 514,241 1,107,132 887,753 916,067 944,878 987,791 1,046,955 On-budget Off-budget 39,766 30,990 32,522 37,393 35,752 36,327 856,763 883,545 907,485 952,039 1,010,628 1,067,366 Veterans benefits and services. 159,738 174,516 176,543 178,856 200,458 217,521 Administration of justice. 55,768 57,944 51,906 60,418 71,780 69,025 General government. 26,834 20,956 23,146 23,821 23,878 31,628 223,181 240,033 478,812 Net interest. 262,551 324,975 393,498 On-budget Off-budget 408,784 319,149 330,608 349,063 476,241 560,431 -83,809 -95,968 -90,575 -86,512 -82,743 -81,619 315 Allowances -677 97,869 Undistributed offsetting receipts 115,803 -110,374 -95,251 -89,826 -96,941 On-budget Off-budget -99,795 -92,180 78,315 -72,327 -79,676 -78,901 -16,008 -16,936 17,499 -18,193 -18,040 -18,194 TABLE B-47. Federal receipts and outlays, by major category, and surplus or deficit, fiscal years 1963-2020 Billions of dollars, fiscal years) Receipts (on-budget and off-budget) Outlays (on-budget and off-budget) National defense Fiscal year or period Total Social Individual Corporation insurance income 1 income and taxes taxes retirement receipts Other Total Inter- national affairs Health Medicare Income security Social security Net interest Depart ment of Defense, military Other Surplus or deficit (-) (on-budget and off- budget) 29.8 212 6.8 52.8 5.2 9.1 -6.5 -1.2 21.1 17.9 68.4 1953 1954. 1955. 1956. 1957. 1958. 1959 20,9 708 10.1 10.1 20.1 17.3 76.6 82.4 92.1 10.3 -12.8 21.5 922 1960. 1961. 1962 97.7 21.0 20.5 21.6 23.5 1963 19 MO 22.0 -5.9 25.5 222 25.0 -1.4 -3.7 30.1 25.5 1964 1965. 1966. 1967. 1968. 1969. 28.5 34.0 32.1 28.7 -8.6 -25.2 3.2 36.7 32.8 90.4 106.6 112.6 116.8 130.8 148.8 153.0 186.9 192.8 187.1 207.3 230.8 263.2 279.1 298.1 81.2 355.6 399.6 463.3 26.8 32.2 47.3 52.6 1970 1971. 1972. 1973. 1974 1975. 1976 Transition quarter. 1977 1978. 1979 36.2 106.8 111.3 118.5 118.2 134.5 157.5 178.1 183.6 195.6 210.2 230.7 245.7 269.4 332.3 371.8 96.0 409.2 458.7 504.0 38.6 40.6 86.2 94.7 1032 119,0 122.4 131.6 38.8 157.6 181.0 217.8 75.1 84.5 84.9 23.2 26.7 -2.8 -23.0 -23.4 -14.9 -6.1 -53.2 -73.7 -14.7 -53.7 -59.2 -40.7 41.4 90.8 89.6 87.9 8.5 25.2 106.5 121.0 138.9 54.9 74.8 82.7 21.4 93.0 114.6 1202 223 972 104.5 116.3 21.8 95.1 102.3 113.6 60.0 65.7 35.5 42.6 1980. 1981. 1982 1983. 1984. 1985. 1986. 1987. 517.1 599.3 617.8 600.6 666.4 734.0 769.2 854.3 244.1 285.9 297.7 288.9 298.4 334.5 349.0 392.6 64.6 61.1 49.2 37.0 56.9 61.3 63.1 83.9 157.8 182.7 201.5 209.0 239.4 265.2 283.9 303.3 590.9 678.2 745.7 808.4 851.8 946.31 990.4 1,004.01 134.0 157.5 185.3 209.9 227.4 252.7 273.4 282.0 130.9 153.9 180.7 204.4 220.9 245.1 265.4 273.9 104.1 118.5 139.6 156.0 170.7 178.2 188.6 198.8 207.4 131.3 133.0 125.0 121.8 117.8 130.9 141.3 125.2 100.3 108.2 123.0 113.4 129.0 120.7 124.1 52.51 68.8 85.01 89.8 111.1 129.51 136.01 138.6 -73.8 -79.0 -128.0 -207.8 -185.4 -212.3 -221.2 -149.7 15.9 57.51 71.8 73.0 73.2 74.5 65.8 325 702 11.6 1993 4.3 ds 909.2 1.1| 4012 45.7 94.5 103.3 79.2 82.7 1,064.4| 1.143.7 290.4 303.6 130.4 137.6 19.3 nm 151.8 169.0 138.7 158.1 -155.2 -12 199 359.4 | 85.0 93.5 1488 13.8 15.8 96.1 16 ) 1.032.0 1,055.0 || 1.091.2 1.154.3 1.253.6 1.351.8 1.453.1 2023 2233 171.9 157.7 17.2 1990. 191. 1992. 1993. 1994. 199 199 1997. 1993 1999 17.1 281.9 294.8 289.7 262.3 286.8 278.5 268.6 259.4 253.1 258.3 255.8 261.2| 4669 4, 4766 503.7 53.1 590 6564 7375 H28.6 879.5 171.4 1003 117.5 140.4 157.0 171.8 182.3 1B6.7 14.7 360. 0 91.5| 1.253.0 1 396.0 | 193.1 1324.2| 413.7 101.3 1,331.5| 428.3|| 96.8 | 1,409.4 461.5| 113.7] 1,461.8 484.5| 120.1 | | 1.515.7 509.4 | 115.4|| | 1,560.5 120.1 || 1,601.1 571.3 | 132.6 | 1,652.5 611.3 | 151.5| 1.01.8 || 29.3 23.3 293.3 291.1 281.6 272.1 265.7 270.5 2682 24.8 8.1 14.5 119.0 130.6 14.7 159.9 174.2 190.0 12.8 10.4 71.2 495 99.4 107.1 115.4 119.4 123.8 131.4 | 141.0 232.5 | 248.6 269.0 287.6 304.6 319.6 335.8 349.7 365.3 379.2 390.0 172.6 199.7 210.1 217.3 223.8 229.7 235.0 237.8 242.5 184.3 194.4 199.3 198.7 202.9 232.1 241.1 244.0 241.1 229.8 -221.3 -269.2 -290.3 -255.1 -203 -164.0 -107.4 -21.9 69.3 125.6 16.4 13. 15.2 13.1 152 || 10 167 1573 1,579 539- 1989 1. 21.7 1,827.5 218.1 17 16.5 223 21.2 26.9 2000. 2001. 2002. 2003. 2004. 2005. 2006. 2007 2003. 2009 207.3 151.1 11B 131.8 16.4 278.3 353.9 370.2 3043 136.2 281.0 290.2 331.8 387.1 436.4 474.1 499.3 528.5 594.6 636.7 154.5 1722 196.5 19.5 40.1 2505 2527 266.4 280.6 334.3 197.1 217.4 230.9 249.4 269.4 298.6 329.9 375.4 380.8 430.1 253.7 269.8 312.7 334.6 333.1 345.8 352.5 366.0 | 431.3 533.2 409.4 433.0 456.0 474.7 495.5 | 5233 548.5 586.2 | 617.0 683.0 222.9 206.2 170.9 153.1 160.2 144.0 226.6 237.1 252.8 186.3 239.7 243.1 273.1 026 311.8 3398 3935 3179 365 651.6 236.2 128. -157.8 -377. -412.7 -3183 -248.2 -160.7 458.6 -1.12.7 3 29.5 28.5 28.2 37.5 2,025.2 11.00.5 1.991.1 9993 1,853.1 983 1.7823 93.7 1,880.1|| 809.0 2.153.6 | 9272 2.406.9|| 1,0439 2.568.0 | 11315 2.524.0|| 1.145.7 2. 105.0 9153 2.162.7| 8985 2,303.5|| | 1.0915 2.450.01 1132 2.75.1 1,3164 3,021.5 1,3946 3.249.9 1,540.8 3,268.0 1,546.1 3.316.2 1,587.1 3329.9|| | 1,633.5 3.437.7 1,698.4 3.644.8] 1.8242| 45.2 45.7 652.9|| | 160.6| 1,789.0 234.4 694.0] 151.7 1,862.8 304.7 700. | 146.0| 2.010.9 348.5 713.0 143.9 2.159.9 404.7 33.4 148.4 2,292.8 455.8 794.1 154.0| 2.472.3 45.3 337.3 171.2 2,655.1 521.8 369.6| | 164.7 2. 728.7 551.3 900.2| 173.7] 2.982.5 16.1 390.9| 160.5 | | 3.517.7 1. 864.3 207.9| 3.457.1 693.5 318.3] 212.1 | 3,603.1 | 75.6 | 345.3|| 3.52B.EL | 679 | 947.3| 237.4 3.454.9|| | 633.4 1,023.5| 282. | 3.506.3| 03.5 1,065.3| 300.0 3.691.8 | 59.7 1,115.1| 307.3] 3.852.6| | 593.4 1,161.9| 270.1 3,931.6| 593.7 1,170.71 270.9 4,109.0|| 6312 1,242.4 | 280. 4,529.2|| 684.6 1,295.5| 269.9 4,745. | T37.8 196.2 230.0| 2204 220.9 36.8 2010 2011. 2012. 2013. 2014 2015. 2016. 2017 2013. 2019 festmastes)- 2020 estmates- 6.5 229.0 191.4 161.1 2423 273.5 320.7 343.8 299.6 297.0 204.7 216.2 255.2 666.7 678.1 650.9 607.8 57.9 562.5 565.4 568.9 600.7 2.2 704.3] 46.9 520| 45.3|| | 49.0|| 3 53.1 369.1 372.5 346.7 358.3 409.4 482 | 511.3 533.1 551.2 01.0 616.0 451.6 485.7 471.8 497.8 511.7 546.2 594.5 597.3| 5E8.7 651.2 EB5.2] 622.2 706.7 597.3 T30.3 41.3 TT3.3 536.5 | 813.6 513.6 650.5 5C6.8 | 887.3 514.11 916.1/ | 503.5 944.9| 495.3 1987.3 533.2|| | 1,047.0 | 514.2] 1,107.1] 223 240. 252.6 325.0 393.5| 47.8] 372.6 4355 453.3 479 31.7 01.9 4379 495 4809 564.4 5327 -1.294.4 - 1,299.6 -1.076.6 -679.8 -4 34.8 42.0 -584.7 -665.4 -779.1 - 1,091.5 -1,100.8 3. Government Finances - an Overview. The Excel spreadsheets PS3-datal.xls and PS3-data2.xls on Canvas provide data from the 2019 Economic Report of the President on government outlays (expenditures) and receipts (tax revenues). PS3-datal.xls is Table B-48 from the report and PS3-data2.xls is Table B-47. Use PS3-datal.xlsx to answer questions (a)-(d). Use PS3-data2.xls to answer part (e). a. For the year 2018, roughly how much total tax revenue did the government collect? What was total government expenditure in 2018? Is there a surplus or a deficit in that year? How big is it? b. Roughly what is the size of the government debt? How much debt is in the hands of the Federal Reserve System? c. How much revenue did the government raise in 2018? How much came from individual income taxes (as a percent of the total)? What percent of total federal tax revenue comes from the corporate income tax? How much was total revenue in 2015. How much did total revenue change from 2015 to 2018? d. What are the five largest expenditure categories in federal outlays (i.e. expenditures)? of these, which ones are transfers and which ones are actual spending? What percent of total outlays is accounted for just by National Defense, Social Security, and Net Interest Spending? How much were total outlays in 2015? How much did total outlays change from 2015 to 2018? e. Plot out the nominal value of the Surplus or Deficit ) column (the last column in PS- data2.xls) for 1953-2018. Plot out the ratio of the Surplus or Deficit (-) column to total government receipts for 1953-2018. TABLE B-48. Federal receipts, outlays, surplus or deficit, and debt, fiscal years 2015-2020 [Millions of dollars; fiscal years) Actual Estimates Description 2015 2016 2017 2018 2019 2020 RECEIPTS, OUTLAYS, AND SURPLUS OR DEFICIT Total: Receipts. 3,249,887 3,267,961 3,316,182 3,329,904 3.437,656 3,644,772 Outlays. 3,691,847 3,852,612 3,981,628 4,109,0424,529,1884,745,573 Surplus or deficit (-) -441,960 -584,651 -665,446 -779.138 -1,091,532 - 1,100,801 On-budget: Receipts. 2,479,515 2,457,781 2,465,564 2,475,157 2,526,542 2,695,492 Outlays. 2,948,770 3,077.939 3,180,427 3,260,470 3,620,287 3,777,890 Surplus or deficit (-). -469,255 -620,158 -714,863 -785,313 -1,093,745 -1,082,398 Off-budget: Receipts. 770,372 810,180 850,618 854,747 911,114 949,280 Outlays. 743,077 774,673 801,201 848,572 908,901 967,683 Surplus or deficit (-) 27,295 35,507 49,417 6,175 2,213 -18,403 OUTSTANDING DEBT, END OF PERIOD Gross Federal debt. Held by Federal Government accounts. Held by the public. Federal Reserve System. Other. RECEIPTS BY SOURCE Total: On-budget and off-budget. 18,120,106 5,003,414 13,116,692 2,461,947 10,654,745 19,539,450 5,371,826 14,167,624 2,463,456 11,704,168 20,205,704 5,540,265 14.665,439 2,465,418 12,200,021 21,462,277 5,712,692 15,749,585 2,313,209 13,436,376 22,775,547 24,057,463 5,856,940 5 ,970,595 16,918,60718,086,868 3,249,887 3,267,961 3,316,182 3,329,904 3,437,656 3,644,772 Individual income taxes. Corporation income taxes. Social insurance and retirement receipts. On-budget. Off-budget. 1,540,802 343,797 1,065,257 294,885 770,372 1,546,075 299,571 1,115,065 304,885 810,180 1,587,120 297,048 1,161,897 311,279 850,618 1,683,538 204,733 1,170,701 315,954 854,747 1,698,353 216,194 1,242,405 331,291 911,114 1,824,185 255,161 1,295,484 346,204 949,280 Excise taxes. Estate and gift taxes. Customs duties and fees. Miscellaneous receipts. Deposits of earnings by Federal Reserve System. All other. Legislative proposals! 98,279 19,232 35,041 147,479 96,468 51,011 95,026 21,354 34.838 156,032 115,672 40,360 83,823 22,768 34,574 128,952 81,287 47,665 94,986 22,983 41,299 111,664 70,750 40,914 98,669 19,295 69,469 93,271 48,783 44,488 108,835 19,304 48,383 94,379 49,474 44,905 -959 OUTLAYS BY FUNCTION Total: On-budget and off-budget 3,691,847 3,852,612 3,981,628 4,109,042 4,529,188 4,745,573 National defense. 589,659 593,372 598,722 631,161 684,568 737,886 International affairs. 52,040 45,306 46,309 48,972 54,337 53,125 General science, space, and technology 29,412 33,816 34,587 30,174 30,394 31,534 Energy 6,838 3,719 3,856 2,169 3,194 3,536 Natural resources and environment. 36,033 39,082 37,896 39,140 39,864 43,690 Agriculture 18,500 18,342 18,870 21,787 38,068 19,474 -9,470 Commerce and housing credit. -37,905 -34,077 -26,685 -26,394 -5,126 -8,005 On-budget. -36,195 -32,716 -24,412 -25,450 -5,256 Off-budget -1,710 -1,361 -2,273 -1,465 -944 130 Transportation Community and regional development 89,533 98,907 100,889 92,566 93,552 92,785 20,140 24,907 20,669 42,159 33,001 35,664 95,516 Education, training, employment, and social services. Health 122,061 109,737 143,976 142,527 112,368 551,216 600,966 615,950 482,231 511,297 533,129 685,230 Medicare. 546,202 594,536 597,307 588,706 651,199 Income security Social security. 495,318 508,843 514,139 503,484 533,228 514,241 1,107,132 887,753 916,067 944,878 987,791 1,046,955 On-budget Off-budget 39,766 30,990 32,522 37,393 35,752 36,327 856,763 883,545 907,485 952,039 1,010,628 1,067,366 Veterans benefits and services. 159,738 174,516 176,543 178,856 200,458 217,521 Administration of justice. 55,768 57,944 51,906 60,418 71,780 69,025 General government. 26,834 20,956 23,146 23,821 23,878 31,628 223,181 240,033 478,812 Net interest. 262,551 324,975 393,498 On-budget Off-budget 408,784 319,149 330,608 349,063 476,241 560,431 -83,809 -95,968 -90,575 -86,512 -82,743 -81,619 315 Allowances -677 97,869 Undistributed offsetting receipts 115,803 -110,374 -95,251 -89,826 -96,941 On-budget Off-budget -99,795 -92,180 78,315 -72,327 -79,676 -78,901 -16,008 -16,936 17,499 -18,193 -18,040 -18,194 TABLE B-47. Federal receipts and outlays, by major category, and surplus or deficit, fiscal years 1963-2020 Billions of dollars, fiscal years) Receipts (on-budget and off-budget) Outlays (on-budget and off-budget) National defense Fiscal year or period Total Social Individual Corporation insurance income 1 income and taxes taxes retirement receipts Other Total Inter- national affairs Health Medicare Income security Social security Net interest Depart ment of Defense, military Other Surplus or deficit (-) (on-budget and off- budget) 29.8 212 6.8 52.8 5.2 9.1 -6.5 -1.2 21.1 17.9 68.4 1953 1954. 1955. 1956. 1957. 1958. 1959 20,9 708 10.1 10.1 20.1 17.3 76.6 82.4 92.1 10.3 -12.8 21.5 922 1960. 1961. 1962 97.7 21.0 20.5 21.6 23.5 1963 19 MO 22.0 -5.9 25.5 222 25.0 -1.4 -3.7 30.1 25.5 1964 1965. 1966. 1967. 1968. 1969. 28.5 34.0 32.1 28.7 -8.6 -25.2 3.2 36.7 32.8 90.4 106.6 112.6 116.8 130.8 148.8 153.0 186.9 192.8 187.1 207.3 230.8 263.2 279.1 298.1 81.2 355.6 399.6 463.3 26.8 32.2 47.3 52.6 1970 1971. 1972. 1973. 1974 1975. 1976 Transition quarter. 1977 1978. 1979 36.2 106.8 111.3 118.5 118.2 134.5 157.5 178.1 183.6 195.6 210.2 230.7 245.7 269.4 332.3 371.8 96.0 409.2 458.7 504.0 38.6 40.6 86.2 94.7 1032 119,0 122.4 131.6 38.8 157.6 181.0 217.8 75.1 84.5 84.9 23.2 26.7 -2.8 -23.0 -23.4 -14.9 -6.1 -53.2 -73.7 -14.7 -53.7 -59.2 -40.7 41.4 90.8 89.6 87.9 8.5 25.2 106.5 121.0 138.9 54.9 74.8 82.7 21.4 93.0 114.6 1202 223 972 104.5 116.3 21.8 95.1 102.3 113.6 60.0 65.7 35.5 42.6 1980. 1981. 1982 1983. 1984. 1985. 1986. 1987. 517.1 599.3 617.8 600.6 666.4 734.0 769.2 854.3 244.1 285.9 297.7 288.9 298.4 334.5 349.0 392.6 64.6 61.1 49.2 37.0 56.9 61.3 63.1 83.9 157.8 182.7 201.5 209.0 239.4 265.2 283.9 303.3 590.9 678.2 745.7 808.4 851.8 946.31 990.4 1,004.01 134.0 157.5 185.3 209.9 227.4 252.7 273.4 282.0 130.9 153.9 180.7 204.4 220.9 245.1 265.4 273.9 104.1 118.5 139.6 156.0 170.7 178.2 188.6 198.8 207.4 131.3 133.0 125.0 121.8 117.8 130.9 141.3 125.2 100.3 108.2 123.0 113.4 129.0 120.7 124.1 52.51 68.8 85.01 89.8 111.1 129.51 136.01 138.6 -73.8 -79.0 -128.0 -207.8 -185.4 -212.3 -221.2 -149.7 15.9 57.51 71.8 73.0 73.2 74.5 65.8 325 702 11.6 1993 4.3 ds 909.2 1.1| 4012 45.7 94.5 103.3 79.2 82.7 1,064.4| 1.143.7 290.4 303.6 130.4 137.6 19.3 nm 151.8 169.0 138.7 158.1 -155.2 -12 199 359.4 | 85.0 93.5 1488 13.8 15.8 96.1 16 ) 1.032.0 1,055.0 || 1.091.2 1.154.3 1.253.6 1.351.8 1.453.1 2023 2233 171.9 157.7 17.2 1990. 191. 1992. 1993. 1994. 199 199 1997. 1993 1999 17.1 281.9 294.8 289.7 262.3 286.8 278.5 268.6 259.4 253.1 258.3 255.8 261.2| 4669 4, 4766 503.7 53.1 590 6564 7375 H28.6 879.5 171.4 1003 117.5 140.4 157.0 171.8 182.3 1B6.7 14.7 360. 0 91.5| 1.253.0 1 396.0 | 193.1 1324.2| 413.7 101.3 1,331.5| 428.3|| 96.8 | 1,409.4 461.5| 113.7] 1,461.8 484.5| 120.1 | | 1.515.7 509.4 | 115.4|| | 1,560.5 120.1 || 1,601.1 571.3 | 132.6 | 1,652.5 611.3 | 151.5| 1.01.8 || 29.3 23.3 293.3 291.1 281.6 272.1 265.7 270.5 2682 24.8 8.1 14.5 119.0 130.6 14.7 159.9 174.2 190.0 12.8 10.4 71.2 495 99.4 107.1 115.4 119.4 123.8 131.4 | 141.0 232.5 | 248.6 269.0 287.6 304.6 319.6 335.8 349.7 365.3 379.2 390.0 172.6 199.7 210.1 217.3 223.8 229.7 235.0 237.8 242.5 184.3 194.4 199.3 198.7 202.9 232.1 241.1 244.0 241.1 229.8 -221.3 -269.2 -290.3 -255.1 -203 -164.0 -107.4 -21.9 69.3 125.6 16.4 13. 15.2 13.1 152 || 10 167 1573 1,579 539- 1989 1. 21.7 1,827.5 218.1 17 16.5 223 21.2 26.9 2000. 2001. 2002. 2003. 2004. 2005. 2006. 2007 2003. 2009 207.3 151.1 11B 131.8 16.4 278.3 353.9 370.2 3043 136.2 281.0 290.2 331.8 387.1 436.4 474.1 499.3 528.5 594.6 636.7 154.5 1722 196.5 19.5 40.1 2505 2527 266.4 280.6 334.3 197.1 217.4 230.9 249.4 269.4 298.6 329.9 375.4 380.8 430.1 253.7 269.8 312.7 334.6 333.1 345.8 352.5 366.0 | 431.3 533.2 409.4 433.0 456.0 474.7 495.5 | 5233 548.5 586.2 | 617.0 683.0 222.9 206.2 170.9 153.1 160.2 144.0 226.6 237.1 252.8 186.3 239.7 243.1 273.1 026 311.8 3398 3935 3179 365 651.6 236.2 128. -157.8 -377. -412.7 -3183 -248.2 -160.7 458.6 -1.12.7 3 29.5 28.5 28.2 37.5 2,025.2 11.00.5 1.991.1 9993 1,853.1 983 1.7823 93.7 1,880.1|| 809.0 2.153.6 | 9272 2.406.9|| 1,0439 2.568.0 | 11315 2.524.0|| 1.145.7 2. 105.0 9153 2.162.7| 8985 2,303.5|| | 1.0915 2.450.01 1132 2.75.1 1,3164 3,021.5 1,3946 3.249.9 1,540.8 3,268.0 1,546.1 3.316.2 1,587.1 3329.9|| | 1,633.5 3.437.7 1,698.4 3.644.8] 1.8242| 45.2 45.7 652.9|| | 160.6| 1,789.0 234.4 694.0] 151.7 1,862.8 304.7 700. | 146.0| 2.010.9 348.5 713.0 143.9 2.159.9 404.7 33.4 148.4 2,292.8 455.8 794.1 154.0| 2.472.3 45.3 337.3 171.2 2,655.1 521.8 369.6| | 164.7 2. 728.7 551.3 900.2| 173.7] 2.982.5 16.1 390.9| 160.5 | | 3.517.7 1. 864.3 207.9| 3.457.1 693.5 318.3] 212.1 | 3,603.1 | 75.6 | 345.3|| 3.52B.EL | 679 | 947.3| 237.4 3.454.9|| | 633.4 1,023.5| 282. | 3.506.3| 03.5 1,065.3| 300.0 3.691.8 | 59.7 1,115.1| 307.3] 3.852.6| | 593.4 1,161.9| 270.1 3,931.6| 593.7 1,170.71 270.9 4,109.0|| 6312 1,242.4 | 280. 4,529.2|| 684.6 1,295.5| 269.9 4,745. | T37.8 196.2 230.0| 2204 220.9 36.8 2010 2011. 2012. 2013. 2014 2015. 2016. 2017 2013. 2019 festmastes)- 2020 estmates- 6.5 229.0 191.4 161.1 2423 273.5 320.7 343.8 299.6 297.0 204.7 216.2 255.2 666.7 678.1 650.9 607.8 57.9 562.5 565.4 568.9 600.7 2.2 704.3] 46.9 520| 45.3|| | 49.0|| 3 53.1 369.1 372.5 346.7 358.3 409.4 482 | 511.3 533.1 551.2 01.0 616.0 451.6 485.7 471.8 497.8 511.7 546.2 594.5 597.3| 5E8.7 651.2 EB5.2] 622.2 706.7 597.3 T30.3 41.3 TT3.3 536.5 | 813.6 513.6 650.5 5C6.8 | 887.3 514.11 916.1/ | 503.5 944.9| 495.3 1987.3 533.2|| | 1,047.0 | 514.2] 1,107.1] 223 240. 252.6 325.0 393.5| 47.8] 372.6 4355 453.3 479 31.7 01.9 4379 495 4809 564.4 5327 -1.294.4 - 1,299.6 -1.076.6 -679.8 -4 34.8 42.0 -584.7 -665.4 -779.1 - 1,091.5 -1,100.8
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started