Explain the relationship between changes in the economic structure of direct tax revenues!

Q: What is the relationship between a budget deficit and the national debt? A budget deficit adds to…

A: A budget deficit is the excess of government spending over government taxes.  i.e., Budget deficit =…

Q: real GDP = (Change in Taxes) X Change in equilibrium (Tax Multiplier) Change in equilibrium real GDP…

A: Initial change in the tax or investment causes multiple change in final income. The value of…

Q: What are the budget revenues for a government to finance government spending?

A: Budget revenues are detailed information of revenues  receipts and expenditures of the government.…

Q: Discuss one likely affect of fiscal policy financed via the accumulation of additional government…

A: Fiscal policy is related to government spending and use of taxes as well as subsidies for the…

Q: Assume a government has $28,667 in tax revenues and $40,094 in total government spending. What is…

A: Answer; Government budget balance= Tax revenue-total expenditure Here, Tax revenue = $28,667 and…

Q: Discuss the government’s use of discretionary fiscal policy in controlling economic fluctuations.

A: Fiscal policy refers to the government policy of expenditure and taxes. The changes in the tax and…

Q: Discuss the consequence of a rise in direct taxes to the economy as a whole

A: Taxes: The direct tax included the income tax that is levied on the income of an individual. Income…

Q: Explain the Expansionary and Contactionary Fiscal Policy with the help of diagram.

A: Fiscal policy is used by the central government of the country or finance ministry of the country to…

Q: budget deficit and national debt.

A: Budget deficit: It is the difference between total receipts & expenditure in both revenue &…

Q: Discuss ONE likely effect of fiscal policy financed via the accumulation of additional government…

A: Government borrowings assumes a significant part in government's accounts to meet its the public…

Q: Do you agree or disagree with this statement: “It isin the best interest of our economy for Congress…

A: Introduction: A budget is one within which total projected financial gain matches the entire planned…

Q: How does the Expansionary and Contractionary Fiscal Policy affect the Inflation, GDP, Economic…

A: The government uses fiscal policy to increase or decrease the aggregate output. It can increase or…

Q: What is public debt? Why public debt a burden on future generation?

A: Public debt refers to the entire amount borrowed by the government to meet its development budget,…

Q: Identify whether each of the following taxes is progressive or regressive. a. Personal income tax:…

A: Progressive tax is one that is higher with the increase in income, while regressive tax falls with…

Q: Consider a family of four in 2008, whose poverty threshold is $22,024. If this family's total income…

A: Since you have asked multiple questions, we will answer the second question for you. If you want any…

Q: What will happen to the amount of taxes collected by the government during a recession when there is…

A: please find the answer below.

Q: What must be true about the level of government expenditures and tax revenues for the federal…

A: Government expenditure is the amount spent by the government in order to provide goods and services…

Q: 02. Referring to Fig 2d and the attached table, determine whether average pre-tax income of the top…

A: A theory that describes a tradeoff relationship between tax cuts and tax revenue is the Laffer Curve…

Q: A government shows a primary deficit of $1122 and the expenditure on interest payment is $432 what…

A:

Q: Define the term fiscal policies and explain the government's government role in developing fiscal…

A: Fiscal policy is defined as the decision taken by the government to control the level of its…

Q: Evaluate the economic impact of current and future Federal budget

A: A budget process refers to the mechanism by which a budget is generated and approved by government.

Q: a. A progressive tax is one in which the average tax rate is constant as income increases. O the…

A: " Since you have posted a question with multiple sub-parts, we shall answer the first sub-parts . To…

Q: What type of tax raises the most revenue for the federal government?  What is the largest source of…

A: What type of tax raises the most revenue for the federal government?  What is the largest source of…

Q: explain the impact of balanced budget on national debt

A: Primarily. lets clear on two basic concepts that will be used in the question under consideration:…

Q: Explain the 3 features of ideal fiscal policy?

A: The use of government spending and tax policies to impact economic conditions, notably macroeconomic…

Q: A4 Consider a linear income tax system in which one’s tax owed to government, T, depends on one’s…

A: Answer: Given, Tax equation: T=a+tIWhere, a=constantI=incomet=tax rate

Q: Explain how corporate profits are taxed twice

A: Taxes refer to the fees that is charged by the government on various entities of the economy. The…

Q: Suppose taxes are related to income as follows: Income Taxes $1,000 $200 $2,000 $350 $3,000 $450 a.…

A:

Q: Compare the tax breaks for two different income groups in the Bush 2006 tax bill

A: Macroeconomics is a part of economics that deals with production, decision and allocation concerning…

Q: When governments run budget deficits, how do they make up the differences between tax revenue and…

A: A government budget is a statement of its planned expenditures and revenue receipts for a given time…

Q: Explain how governments need to recognise the impact of several time lags as a problem in fiscal…

A: Changes the government makes to spending or taxing in an effort to affect the state of the economy…

Q: Suppose a tax is such that an individual with an income of $10,000 pays $2,000 of tax, a person with…

A: Taxes is the compulsory payment levied on the citizens by the government. The tax is said to be…

Q: Explain the Economic Concepts of the Fiscal Policy : 1. inception   2. tools   3. goals

A: 1. Fiscal policy can be used by the government in order to stabilize the economy. Primarily in…

Q: the governament budget constrant: deficits,debts,spending and taxes kindly explain each of them in…

A: The government(G) budget-constraint is an equation(eqn) that links monetary-choices of money-growth…