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.
Bottom 20%-25 dollars
Lower middle 20%-15dollars
Upper middle 20%-10 dollars
Top 20%-30 dollars