Instructions
Complete the following Module 3 Web Assignment for this module by the stated due date on the Schedule.
Instructions
The web-based assignment for this module will evaluate federal government spending and taxation.
To keep up with the federal government’s spending and taxation, federal budget data can be examined using the historical tables.
Visit the Historical Tables of the US Government. https://www.whitehouse.gov/omb/budget/historical-tables
Use the PDF bookmarks to find the tables and sections needed to complete the tasks below.
Prepare a brief summary by performing the following items and answering those questions posed:
Consider revenue Sources. Go to Table 2.2, “Percentage Composition of Receipts by Source.”
1- What are the main sources of revenues for the federal government?
2- Before World War II, what was the key source of revenues of the federal government?
3- What has been the key revenue sources since World War II?
Consider Spending. Examine Table 3.1, “Outlays by Superfunction and Function.”
In a paragraph or two, summarize recent and long-term trends in government spending for the following four functions: National Defense, Health, Income Security and Social Security.
Explain your reasoning for why these trends have been occurring in these areas
Select one other function from Table 3.1 besides those four considered in part 2a.
Explain your chosen function, its importance in the economy and whether it has been capturing growing shares of government spending or has been declining in recent years and why you feel that is the case.
You must cite your references properly according to MLA . Even if the source is mentioned in the assignment instructions, you still need to cite and include it within your document.
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