Question
U.S. Federal Budget summary for 2010 and 2011 (in $ billions) 2010 2011 Total Receipts 2163 2304 Total Outlays 3456 3503 Net Interest on the
U.S. Federal Budget summary for 2010 and 2011 (in $ billions)
2010 2011
Total Receipts 2163 2304
Total Outlays 3456 3503
Net Interest on the Debt 414 454
Dept. of Education 45 46.2
Gross Federal Debt 13562 14790
Calculate the interest rate paid on the debt in 2010.
Suppose the budget of the Dept. of Education in 2011 is cut by 2/3
How much will be the deficit?
How many percentages of deficit reduction?
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Skills For Accounting And Auditing Research
Authors: Shelby Collins
2nd Edition
1618530747, 9781618530745
