the vertical distamce betwen pom A amd B nepresents a tax im the manket. supply 12 1 Demand 35 50 the loss comsumu to aF Teu the taxes will. be a) 50 b) 1os d)170 e) 250 300 1O
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- If inflation rises unexpectedly by 5, would a state government that had recently borrowed money to pay for a new highway benefit or lose?The table below provides information for the economy of Zawi. C = 80 + 0.8YXN = 28 − 0.3YI = 155G = 250 a. The value of equilibrium income is $b. Set up a balancing row to verify your calculations (the tax equation is T = 80 + 0.3Y and X = 190). Enter your responses as whole numbers. YTYDCSIGXIMXNAE c. If exports decrease by 68, the new equilibrium income is $The U.S. income tax is currently O progressive O proportional O regressive O proactive a tax.
- Government spending (as a percentage of gross domestic expenditure) hasincreased significantly over the past decades. Explain any two reasons for thistrend.C = 450 + 0.4Y I = 350 G = 150 X = 70 Z = 35 + 0.1Y T = 0.15Y Yf = 1550 Q.2.5 Calculate what the new equilibrium income should be if the government of this country decides to cancel all taxes, implying the tax rate would now be 0%.A change in a fixed tax willcause the consumptionschedule toa. become steeper.b. become flatter.c. shift in aparallel manner.d. remain fixed as theeconomy moves along theschedule.Give answer with explanation
- A new factory in a small town has an annual payroll of $6 million. It is expected that 60% of this moneywill be spend on the town will by factory personnel. The people in the town who receive this money areexpected to spend 60% of what they receive in the town, and so on.(a) What is the total of all this spending (called the “total economic impact”) of the factory on the towneach year?(b) How much additional spending will be generated by a 10 million dollar tax rebate if 60% of allincome is spent?draw a AD/ AS diagram to show the effect of raising and increasing intrest, icome tax, corporate tax and government expenditure versus decreasing intrest, income tax, corporate tax and government expenditure.The economy of Bananaland can be characterized by Equation 9.3. EQUATION 9.3: C = 2,000 + 0.75Yd T = 200 G = 400 I = 500 If tax in Bananaland decreases by $50, how much will equilibrium output change?
- The economy of Bananaland can be characterized by Equation 9.3. EQUATION 9.3: C = 2,000 + 0.75Yd T = 200 G = 400 I = 500 Calculate the tax multiplier.A4 Consider a linear income tax system in which one’s tax owed to government, T, depends on one’s income, I, according to the formula T = a + tI, where 0 < t < 1, and a is a constant. (a) What is the marginal tax rate (MTR)? Does the MTR change with income? (b) What is the average tax rate (ATR) when the income level is I? (c) If the income tax is progressive, then what can you say about the value of a?The following set of equations describes the economy of a country A, in Africa C = 2000 + 0.75Id consumption equation I = 36000 investment G = 36000 Government Expenditure X = 2550 Exports M = 410 + 0.3Y Import equation T = 100 + 0.25Y Tax equation Compute the equilibrium National Income and imports for the country A Complete the tax multiplier and the Government spending multiplier Compute the equilibrium income and consumption