Compute the percentage change for federal defense and non-defense outlays in current-year dollars from 2000 to 2010. Divide that change into its real and price components. b. For non-defense outlays, convert the deflator base to 2000 =1.0000, and re-calculate the absolute change in these real dollars. Convert the deflator base to 2010 = 1.000, and recalculate the absolute change in real dollars. Why might budget strategists try to use one or the other of these two numbers to argue for more or less spen
1. The following data are from a recent federal budget: 2000 2010 Defense Outlays 294,363 693,586 Non-defense Outlays 319.7 658.2 Composite outlay deflators (2005 =1.00)…