Question
Use the following information to answer the 3 questions below. Federal spending in 2015: $3,691.8 Federal spending in 2021: $6,822.4 Price index in 2015: 1.0359
Use the following information to answer the 3 questions below.
Federal spending in 2015: $3,691.8
Federal spending in 2021: $6,822.4
Price index in 2015: 1.0359
Price index in 2021: 1.1554
Base year is 2012.
- What is real spending in 2015?
- What is real spending in 2021?
- What is the percentage increase in real spending between 2015 and 2020?
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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
