National Defense Assignment - How Much Does the US Spend on National Defense?

Often times, people discuss government spending categories in absolute dollars. For example, the Federal government spent $399.0 billion dollars on national defense in Fiscal Year 2001. Economists prefer to discuss economic statistics in percentage terms. Also, it is a good idea to discuss spending patterns over-time (trend) as opposed to citing a single year. Is $399.0 more or less than was spent the previous year? National Defense spending can be viewed in a number of different ways. It can be viewed in absolute dollar terms, or it can be viewed as a percentage of some relevant part of the economy.

Watch these videos to learn how to complete the defense spending assignment.

National Defense-

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How To Find the Economic Report of the President - 1982 - https://www.3cmediasolutions.org/privid/250561?key=6b1241ecc49fdfa8a99da02318d6e1eb95921da5

Written Instructions For Completing National Defense Assignment-

Use the Economic Report of the President : https://www.whitehouse.gov/wp-content/uploads/2019/03/ERP-2019.pdf

Find the dollar amount spent on National Defense from 2009 – 2018. Have the amounts increased every single year? How about over the entire period?

1. Calculate the PERCENTAGE of GDP that went of National Defense from 2009 – 2018. As a percentage of GDP, what has been the trend of spending over time?

2. Calculate the PERCENTAGE of TOTAL GOVERNMENT SPENDING that went to National Defense from 2009 – 2018. As a percentage of Total Government Spending, what has been the trend?

3. Calculate the PERCENTAGE of FEDERAL GOVERNMENT SPENDING that went to National Defense from 2009 – 2018. As a percentage of Federal Government Spending, what has been the trend.

NOW - . google Economic Report of the President - 1982. It will be signed by Ronald Reagan.

Find the years 1950 - 1959, and answer questions (1), (2), (3).

Does the US spend more less on National Defense now than it did in 1950 - 1959?