Use the data below to answer two questions. Instructions: Round your responses t
ID: 1134146 • Letter: U
Question
Use the data below to answer two questions.
Instructions: Round your responses to one decimal place.
a. Calculate the federal government's share of total output in 1996, 2006, and 2016.
1996: %
2006: %
2016: %
b. Calculate the state and local government's share of total output in 1996, 2006, and 2016.
1996: %
2006: %
2016: %
Year GDP Total Government Spending (billions) Federal Spending (billions) State and Local Spending (billions) 1990 $5,803 $1,180 $508 $671 1991 $5,995 $1,234 $527 $706 1992 $6,337 $1,271 $533 $737 1993 $6,657 $1,291 $525 $766 1994 $7,072 $1,325 $519 $806 1995 $7,397 $1,369 $519 $850 1996 $7,816 $1,416 $527 $888 1997 $8,304 $1,468 $530 $937 1998 $8,747 $1,518 $530 $987 1999 $9,268 $1,620 $555 $1,065 2000 $9,817 $1,721 $578 $1,142 2001 $10,128 $1,825 $612 $1,212 2002 $10,469 $1,961 $679 $1,281 2003 $10,960 $2,092 $756 $1,336 2004 $11,685 $2,217 $826 $1,391 2005 $12,422 $2,355 $876 $1,480 2006 $13,178 $2,508 $932 $1,576 2007 $13,808 $2,675 $979 $1,696 2008 $14,291 $2,878 $1,080 $1,798 2009 $13,939 $2,918 $1,143 $1,775 2010 $14,527 $3,000 $1,223 $1,780 2011 $15,518 $3,169 $1,304 $1,865 2012 $16,163 $3,169 $1,291 $1,878 2013 $16,768 $3,143 $1,232 $1,912 2014 $17,393 $3,152 $1,219 $1,933 2015 $18,037 $3,218 $1,225 $1,933 2016 $18,569 $3,277 $1,245 $2,032Explanation / Answer
a. the federal government's share of total output = (Federal Spending / GDP)*100
For 1996 : ($527 / $7816)*100 = 6.7%
For 2006 : ($932 / $13,178)*100= 7.1%
For 2016 : ($1245/ $18569)*100 = 6.7%
b. the state and local government's share of total output = ((State and Local Spending) / GDP)*100
For 1996 : ($888 / $7816)*100 = 11.4%
For 2006 : ($1576/ $13178) *100 = 12.0%
For 2016 : ($2032 / $18569)*100 = 10.9%
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