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Is what the client saying match the data and what is being shown on the graph? Please explain the answer using derivative/slope/rate of change and/or
Is what the client saying match the data and what is being shown on the graph? Please explain the answer using "derivative/slope/rate of change" and/or "integral/area/accumulated change" in your explanation.
Client 2: Ms. Mustard As you know, I have recently been elected to the US House of Representatives. Since you have provided me with such good business advice over the last few years, I would like some analysis from you on the issue of the US National Debt. As we recover from the current pandemic, we need to look towards the future. That future includes massive growth in the National Debt which is currently $30 trillion. The Federal Budget Deficit (which is the amount that we spend above revenue) must be borrowed every year, adding to the National Debt. Deficits can be reduced by either increasing revenue (taxes) or by reducing spending. Since raising taxes is unpopular, I have researched how we can eliminate wasteful spending from the Federal Budget. This excellent paper 1 from the conservative research group The Heritage Foundation, details how $343 billion can be cut from spending. I fit a trendline to the Federal Budget Deficit (not including 2020-2021 pandemic spending) and used it to project a 2023 deficit of $1.5 trillion. Though the paper admits that its proposed cuts would be massively unpopular, their implementation would reduce that figure as shown on the graph below. These cuts would reduce the National Debt finally bring the debt down to manageable levels without having to raise taxes. Before I stake my political future on this idea, I would like you hear if you agree with my analysis. U.S. Federal Budget Deficit by Fiscal YearStep by Step Solution
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