According to www.whitehouse.gov, the government has about $2.1 trillion in receipts and $2.8 trillion in outlays (expenses) for 2013.
What was the ratio of the government's expenses to it's receipts for 2013?
Express this as a decimal rounded to the thousandths place.
According to www.whitehouse.gov, the government has about $2.1 trillion in receipts and $2.8 trillion in outlays (expenses) for 2013.
What was the ratio of the government's expenses to it's receipts for 2013?
Express this as a decimal rounded to the thousandths place.
2.8/2.1=33 1/3% The government spent about 1/3 MORE than it took in.