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3 June, 12:08

A government collects $600 billion annually in tax revenue. Each year it allocates $35 billion to healthcare and $50 billion for education. What percentage of annual tax revenue is allocated to these two categories of government spending?

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  1. 3 June, 16:05
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    14.17%

    Explanation:

    Annual tax revenue = $600 billion

    Allocation for healthcare = $35 billion

    Allocation for education = $50 billion

    total allocation for healthcare and education = ($35 + $50) billion = $85 billion

    percentage of these two categories of government spending to the total revenue generated is,

    85/600 x 100% = 14.17%
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