Answer to Question #170824 in Finance for jaaaada

Question

In a brief paragraph or even bulleted ideas design/create a federal budget. 

1. Using the expenditures from the pie chart in the lecture prioritize your spending. Your fictional government has 100 dollars divide your 100 dollars among the expenditures listed on that pie chart (10 expenditures): military, medicare/medicaid, unemployment, housing community development, education, energy & envirnoment, international affairs, transporation, veterns benefits, national parks & historical sites. 

So for each expenditure tell me how much of your 100 dollars is going to each of the 10 outlays. 

2. The second half of this assignment is to tell me how you got your 100 dollars. Based on the five income groups: bottom 20%, lower middle 20%, middle 20%, upper middle 20%, top 20%. How much of does each of the 5 income groups contribute to the 100 dollars. 

 

Answer 1

Mandatory spending

• Medicare/medicaid-30dollars
• Unemployment-20dollars

Discretionary spending

• Millitary-10dollars
• Vertens benefits-5dollars
• International affairs-5dollars
• Housing community development-10dollars
• Education-15dollars
• Transportation-5dollars
• Energy and environment-5dollars
• National parks and historical sites-5dollars

Bottom 20%-25 dollars

Lower middle 20%-15dollars

Middle 20%-20dollars

Upper middle 20%-10 dollars

Top 20%-30 dollars