Refer to the data in the table below to answer the following question.Federal Budget: 2012Line ItemNational DefenseHuman ResourcesMedicareOtherPhysical ResourcesNet InterestOther FunctionsUndistributed Offsetting ReceiptsTotal2012In millions of dollars635,6982,942,658451,2082,491,450220,255290,496185,702- 180,8204,093,989Compute the ratio as a percentage of Physical Resources to Human Resources and determine the best interpretation of the percentage.O Physical Resources spending is 7% as much as the amount spent on Human Resources.O Human Resources spending is 7% as much as the amount spent on Human Resources.O The amount spent on Physical Resources is 8%.O Physical Resources is 17% of the budget.

The budget allocated to human resources in 2012 was $2,942,658 million.The budget allocated to…

Refer to the data in the table below to answer the following question. Federal Budget: 2012 Line Item National Defense Human Resources Medicare Other Physical Resources 2012 In millions of dollars 635,698 2,942,658 451,208 2,491,450 220,255 Net Interest Other Functions Undistributed Offsetting Receipts Total Compute the ratio as a percentage of Physical Resources to Human Resources and determine the best interpretation of the percentage. O Physical Resources spending is 7% as much as the amount spent on Human Resources. O Human Resources spending is 7% as much as the amount spent on Human Resources. O The amount spent on Physical Resources is 8%. O Physical Resources is 17% of the budget. 290,496 185,702 - 180,820 4,093,989

Refer to the data in the table below to answer the following question. Federal Budget: 2012 Line Item National Defense Human Resources Medicare Other Physical Resources 2012 In millions of dollars 635,698 2,942,658 451,208 2,491,450 220,255 Net Interest Other Functions Undistributed Offsetting Receipts Total Compute the ratio as a percentage of Physical Resources to Human Resources and determine the best interpretation of the percentage. O Physical Resources spending is 7% as much as the amount spent on Human Resources. O Human Resources spending is 7% as much as the amount spent on Human Resources. O The amount spent on Physical Resources is 8%. O Physical Resources is 17% of the budget. 290,496 185,702 - 180,820 4,093,989

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter30: Government Budgets And Fiscal Policy

Section: Chapter Questions

Problem 38CTQ: Why is spending by the U.S. government on scientific research at NASA fiscal policy while spending...

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