Question

A government annually collects $320 billion in tax revenue and allocates $80 billion to education spending. What percentage of this government's budget is spent on education?

a. 12%.
b. 30%.
c. 4%.
d. 25%.

Answer 1

d. 25%.

Step-by-step explanation:

Given the following data;

Tax revenue, T = $320 billion

Education budget, Eb = $80 billion

To find the percentage of the tax revenue spent on education, we would use the formula;

`Percentage = \frac {E_(b)}{T} * 100`

Substituting into the formula, we have;

`Percentage = \frac {8,000,000,000}{32,000,000,000} * 100`

`Percentage = \frac {1}{4} * 100`

Percentage = 25%