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 %. %. %.
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 %. %. %.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter11: Fiscal Policy And The Federal Budget
Section: Chapter Questions
Problem 5WNG
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Question
Please Answer letter D,E and F
Transcribed Image Text: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)
$100
34
7
47
Saved
Transfers to persons
Spending grants to other levels of government
Public debt charges
Direct program spending
Total Outlays
Projected Budget Plan Surplus
142 billion.
14
Other revenues
18
Total Revenues
220
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 83.33 %.
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
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OUTLAYS
e
4
%.
%.
1 of 14
9 billion.
%.
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(5
$46
38
35
95
214
6
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