Question
Assume that the composition of federal outlays and receipts shown in the figure remained the same in 2019. In the figure, the categories Defense and
Assume that the composition of federal outlays and receipts shown in the figure remained the same in 2019. In the figure, the categories "Defense and homeland security" and "Non-defense discretionary" are discretionary outlays, and all other categories are mandatory outlays. Also assume that the total spending was
$5.2
trillion. Complete parts (a) through (c).
A pie chart titled Federal Spending is divided into six sectors with labels and sizes as a percentage of a circle as follows: Medicaid comma government pensions and other mandatory spending comma 24 percent; Social Security comma 24 percent; Medicare comma 18 percent; Non defense discretionary comma 14 percent; Defense and homeland security comma 14 percent; Interest on debt comma 6 percent.
Federal Spending
SocialSecurity24%Medicare18%Interestondebt6%Medicaid,governmentpensionsandothermandatoryspending24%Defenseandhomelandsecurity14%Non-defensediscretionary14%
Question content area bottom
Part 1
a. About how much was spent (in dollars) on Social Security and Medicare combined in 2019?
$enter your response here
trillion
(Type an integer or a decimal.)
b. About how much was spent (in dollars) on all discretionary expenses (combined) in 2019?
$enter your response here
trillion
(Type an integer or a decimal.)
c. Suppose that over a period of several years, overall spending remained at the 2019 level of
$5.2
trillion, but the share of Social Security and Medicare spending increased from
42%
to
50%
of total spending. Assuming that all the needed cuts came from discretionary spending, how much would this spending decrease? Give the answer both in dollars and as a percentage.
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