The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all ofthe spending grants to other levels of government were spent in Canada on goods and services.REVENUESPersonal income taxesCorporate income taxesFederal Government's Budget Plan for Fiscal Year ($billion)OUTLAYS$120282Transfers to personsSpending grants to other levels of governmentPublic debt chargesDirect program spendingTotal OutlaysProjected Budget Plan SurplusOther income taxes.GST and excise taxes48EI premiums18Other revenues21Total Revenues237a. The projected NTR in this budget plan is $b. The value of NTR less government spending on goods and services (G) is $Round your answers to 1 decimal place.c. The percentage of total revenue made up by personal income taxes isd. The percentage of total revenue made up by corporate income taxes ise. The percentage of total outlays made up by transfer payments to persons isf. The percentage of total outlays made up by public debt charges isbillion.%.%.%.billion.%.$3844268018849 The aggregate demand and supply for Cancum are shown in the table below. Potential GDP (LAS) is $1,200 billion.Price Index105110115120125130135140Aggregate QuantityDemanded1,3001,2001,1001,000900800700600Aggregate QuantitySupplied3256508501,0001,1001,2001,3001,350a. If the economy is in equilibrium, it experiencing a(n) (Click to select)✓ gap of $b. Suppose government uses countercyclical fiscal policy to close the gap. In order to achieve full employment AD would have to(Click to select) by $c. As a result of this change, the inflation rate would be%. Round your answer to 2 decimal places.

Note: As you have posted multiple questions. But as per the policy we are allowed to answer the…

The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes Other income taxes GST and excise taxes EI premiums Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $120 28 Transfers to persons Spending grants to other levels of government Public debt charges 2 48 18 Other revenues 21 Total Revenues 237 a. The projected NTR in this budget plan is $ b. The value of NTR less government spending on goods and services (G) is $ Round your answers to 1 decimal place. c. The percentage of total revenue made up by personal income taxes is [ Direct program spending Total Outlays Projected Budget Plan Surplus billion. %. billion. $38 44 26 80 188 49

The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes Other income taxes GST and excise taxes EI premiums Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $120 28 Transfers to persons Spending grants to other levels of government Public debt charges 2 48 18 Other revenues 21 Total Revenues 237 a. The projected NTR in this budget plan is $ b. The value of NTR less government spending on goods and services (G) is $ Round your answers to 1 decimal place. c. The percentage of total revenue made up by personal income taxes is [ Direct program spending Total Outlays Projected Budget Plan Surplus billion. %. billion. $38 44 26 80 188 49

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter11: Fiscal Policy

Section: Chapter Questions

Problem 19E

See similar textbooks

Similar questions

Have spending and taxes by state and local governments In the United States had a generally upward or downward trend in the last few decades?
Have the spending and taxes of the U.S. federal government generally had an upward or a downward trend in the last few decades?
What are the main categories of U.S. federal government spending?
Why is government spending typically measured as a percentage of GDP rather than in nominal dollars?
The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes Other income taxes. GST and excise taxes EI premiums Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $95 36 5 47 13 17 Transfers to persons Spending grants to other levels of government Public debt charges Direct program spending Total Outlays Projected Budget Plan Surplus Other revenues Total Revenues 213 a. The projected NTR in this budget plan is $ b. The value of NTR less government spending on goods and services (G) is $ billion. billion. $42 36 31 100 209 4
CIENCES QUESTION 1 Study the bar chart regarding the National Budget's tax revenue and answer the questions that follow: WHERE WILL THE MONEY COME FROM IN 2021/22 AND HOW WILL IT BE SPEND GOVERNMENT SOURCES OF REVENUE 2021/22 Tax R1 365.1milj 72.6% Loans R 482.6milj 25.7% Non-tax income R 32.5milj 1.7% 1 Which revenue contributes the most to the National Budget? Give the percentage. Which revenue contributes the least to the National Budget? Give the percentage. Give ONE example of a income that is not tax. TAX REVENUE, 2 021/22 Personal inseme tax
The following levels of government determine a budget each year to show how much revenue the government expects to receive in taxes and other income and how the government plans to spend it: A, B, C, OR D a Federal only b State and federal only c Federal, state, and local d Local only
please answer the following questions: thank you 1. Which of the following is an example of govemment discretionary spending: A) Social Security retirement paymentsB) defense spendingC) net interest paid on government debtD) Medicare benefits for the elderly 2. What is the largest component of the federal budget?A) EntitlementsC) DefenseB) Net interest 3. Which of the following sources of revenue is used to fund government spending?A) corporate contributionsB) political party contributionsC) taxationD) aggregate supply 4. Suppose an economy is slowing and more and more people are losing their jobs and, therefore, paying less income taxes. If policy makers try to avoid a budget deficit by raising taxe rates, this would probably A) help pull the economy out of a depression.B) make the economic slowdown worse.C) increase inflation. 5. Automatic stabilizers:A) work without the need for decisions from Congress or the White House.B) require explicit actions each year by policy makers to…
the governament budget constrant: deficits,debts,spending and taxes kindly explain each of them in detail
The table below shows hypothectical figures of revenue and spending for the Canadian government For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes Other income taxes GST and excise taxes EX premiums Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $115 26 Transfers to persons Spending grants to other levels of government Public debt charges Direct program spending Total Outlays Projected Budget Plan Surplus 3 45 19 Other revenues 22 Total Revenues 230 a. The projected NTR in this budget plan is $ billion. b. The value of NTR less government spending on goods and services (G) is $ Round your answers to 1 decimal place. The percentage of total revenue made up by personal income taxes is d. The percentage of total revenue made up by corporate income taxes is 6. e. The percentage of total outlays made up by transfer payments to persons is…
The following diagram shows changes in fiscal policy by the South African government from the beginning of 2008, until the end of 2014. Study it carefully and answer the question which follows. SOUTH AFRICA GOVERNMENT SPENDING 620000 **** 600000 580000 F N E EH A A EE E E 560000 540000 520000 500000 480000 460000 1/1/2008 1/1/2010 1/1/2012
The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes $120 28 2 48 18 Other revenues 21 Total Revenues 237 a. The projected NTR in this budget plan is $ b. The value of NTR less government spending on goods and services (G) is $ Round your answers to 1 decimal place. c. The percentage of total revenue made up by personal income taxes is d. The percentage of total revenue made up by corporate income taxes is e. The percentage of total outlays made up by transfer payments to persons is f. The percentage of total outlays made up by public debt charges is Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS Other income taxes GST and excise taxes EI premiums Transfers to persons Spending grants to other levels of government Public debt charges Direct…