Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Last year's budget for the legislative branch of a certain government was $4935 million, and this year it is $5338 million. Consider last year's budget

Last year's budget for the legislative branch of a certain government was $4935 million, and this year it is $5338 million. Consider last year's budget of 4935 million to be the reference value. Complete parts (a) through (d) below A. What is the absolute change in the budget from last year to this year? = $ 403 million B. What is the relative change in the budget from last year to this year? = 8.2% C. Next year's budget is estimated to be $5183 million. What is the percentage decrease from this year's budget of $ 5338 million= 2.90% D. If next year's budget is changed so that it is 3% less than this year's budget of 5338 million. What is the amount of next year's budget is $????.????? (Type an integer or a decimal. Do not round)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Convex Optimization

Authors: Stephen Boyd, Lieven Vandenberghe

1st Edition

1107299527, 9781107299528

More Books

Students also viewed these Mathematics questions

Question

How can sensitivity to pain be altered?

Answered: 1 week ago

Question

1. Let a, b R, a Answered: 1 week ago

Answered: 1 week ago

Question

Personal role: This consists of service to family and friends.

Answered: 1 week ago

Question

The role of life: It consists of your own service to yourself.

Answered: 1 week ago