Spending on Medicare Based on the current eligibility requirement, a study conducts:i in 2004 showed that federal spending on entitlement programs, particularly Medicare, would grow enormously in the future. The study predicted that spending on Medicare. as a percentage a? the gross domestic pruduct (GDP). will be Pm : 0.27t2 + 1.4t+ 2.2 (o g t: 5) percent in year t', where t'is measured in decades, with t : a corresponding to zoom (Round your answers to twe decimal pieces.) (a) How fast was the spending on Medicare, as a percentage ur the GDP, growing in 203s? How fast Will it be grpwmg in 2040? (b) what was the predicted spending an Meoitarein 2030? |:| \"In what will it be in 2044]? Need Heii)? -Idll |