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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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