Question

Between 2007 and 2009, spending on Social Security is projected to remain at 21.5 percent of the federal budget, while spending on education is projected to decline from 3.4 percent to 3.1 percent of the budget. How does this show the difference between mandatory and discretionary spending?

Name: Problem 7, Chapter 14: Economics: Concepts and Choices
Uploaded: 2021-05-10T17:43:30-08:00
Duration: 1 min 15 s
Channel: Kaylee Mcclellan
Description: Between 2007 and 2009, spending on Social Security is projected to remain at 21.5 percent of the federal budget, while spending on education is projected to decline from 3.4 percent to 3.1 percent of the budget. How does this show the difference between mandatory and discretionary spending?

   Between 2007 and 2009, spending on Social Security is projected to remain at 21.5 percent of the federal budget, while spending on education is projected to decline from 3.4 percent to 3.1 percent of the budget. How does this show the difference between mandatory and discretionary spending?

Economics: Concepts and Choices

Holt Mcdougal 1st Edition

Chapter 14, Problem 7

Instant Answer

Solved by Expert Kaylee Mcclellan

05/10/2021

Step 1

Mandatory spending is spending that is required by law. This means that the government is obligated to allocate a certain percentage of the federal budget towards these expenses. On the other hand, discretionary spending is spending that the government can decide Show more…

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Between 2007 and 2009, spending on Social Security is projected to remain at 21.5 percent of the federal budget, while spending on education is projected to decline from 3.4 percent to 3.1 percent of the budget. How does this show the difference between mandatory and discretionary spending?

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Key Concepts

Mandatory Spending

Mandatory spending refers to expenditures that are required by law. These costs automatically occur without annual approval, such as those for entitlement programs. Since the spending levels are set by eligibility rules established in existing statutes, these costs remain relatively unchanged over short periods, as seen in programs that maintain a constant share of the budget.

Discretionary Spending

Discretionary spending consists of expenditures that are determined through the annual appropriations process by Congress. These spending levels can change from year to year depending on policy priorities and negotiations. Unlike mandatory spending, discretionary spending can be adjusted according to the evolving goals and financial constraints within the federal budget.

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