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Unformatted text preview: Econ 202 - Nelson Unit 7 Assignment Name_____Ryan Ingalls ______ I. Answer the following questions about the Federal budget by using the information found at the following website and/or your textbook: a. http://www.whitehouse.gov/omb/budget/ Proposed Budget of the United States Government, Fiscal Year 2010 b. For each of the following federal departments, find the 2010 Estimated Discretionary Budget Authority. i. Department of Defense 1. Budget Authority _______ 663 billion ______________ ii. Department of Education 1. Budget Authority ________ 46.7 billion _____________ c. Federal government outlays in the U.S. will be about what percent of GDP in 2010? (Hint: Go to the Summary Tables) 24.4 d. About what fraction of federal government receipts will come from individual income taxes in 2010? Almost half e. In what year does the proposed 2010 budget project a return to a balanced budget?...
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This note was uploaded on 10/17/2011 for the course EC 202 taught by Professor Obst during the Summer '08 term at Michigan State University.
- Summer '08