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National Debt: The size of the total debt by the United States Federal government continues...

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Accounting

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National Debt: The size of the total debt by the United States Federal government continues to grow in fact according to the department of the treasury the debt per person living in the United States is approximately $53,000. The following data represents the US debt for the years 2001 through 2013 since the debt D depends on the year why and each and put corresponding to be exactly one output the debt is a function of the year so D(Y) represents the debt for each year y. Year Debt(billions of dollars) 2001 5,807 6,228 6,783 7,379 2002 2003 2004 2005 7,933 8,507 9,008 2006 2007 2008 10,025 11,910 13,562 2009 2010 14,790 2011 16,066 2012 16,738 2013 A. Draw a scatter plot using Excel. B. Find the best fit line from the scatter plot in Part A. C. Find the average rate of change of the debt from 2000 to 2004. D. Find the average rate of change of debt from 2006 to 2008. E. Find the average rate of change of debt from 2010 to 2012. F. Predict the National Debt in the year 2020? G. When will the National Debt be 1 trillion dollars? H. What conclusion can one reach about the average rate of change as time passes? Provide detailed explanation to justify your reasoning

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