hw2 handout

hw2 handout - ECO 2301.003 Spring 2008 Assignment 2 Due...

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ECO 2301.003 Spring 2008 Name:_______________________________ Assignment 2 Due March 18, 2008 by 1:00pm 1. Go to http://www.gpoaccess.gov/usbudget/fy09/hist.html . Download the Tables 1.2, 7.1, and 15.5. a. Use a spreadsheet program to graph the total surplus/deficit column in Table 1.2 from 1940 – 2013. Do you think that the government will run a surplus by 2012? What will this depend on? b. Use a spreadsheet program to graph the Gross Federal Debt as a percentage of GDP from 1940 -2013 from Table 7.1. Given your answer above, does the debt assumption for 2012 and 2013 appear to be too high or too low? Why? c. Use a spreadsheet program and Table 15.5 to graph social security and medicare payments as a percentage of GDP and defense and international expenditures as a percentage of GDP from 1948 – 2007. (Put each series on the same graph.) What is going to happen to social security and medicare expenditures over the next 30 years? Why? 2.
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hw2 handout - ECO 2301.003 Spring 2008 Assignment 2 Due...

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