Using proportions, it is found that $147.8 billion was spent on television advertising in the previous year.
- $x, in billions, was spent on advertising expenditures on television last year.
- This year, the amount declined 4.1%, hence it is 100% - 4.1% = 95.9% of last year's amount, that is, 0.959x.
This year spending's is of 141.7 billion, hence, the equation is:
$147.8 billion was spent on television advertising in the previous year.
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