2 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. Federal Government's Budget Plan for Fiscal Year ($billion) eBook REVENUES Personal income taxes Mc Graw Corporate income taxes Other income taxes. GST and excise taxes EI premiums Other revenues Total Revenues OUTLAYS $105 Transfers to persons $45 32 10 Spending grants to other levels of government Public debt charges 40 37 43 Direct program spending 90 16 Total Outlays 212 19 Projected Budget Plan Surplus 13 225 a. The projected NTR in this budget plan is $ 147 billion. 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 46.7 %. 14.2 %. 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 17.5 % billion. 21.2 %. < Prev 2 of 8 Next > Check my work 64
2 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. Federal Government's Budget Plan for Fiscal Year ($billion) eBook REVENUES Personal income taxes Mc Graw Corporate income taxes Other income taxes. GST and excise taxes EI premiums Other revenues Total Revenues OUTLAYS $105 Transfers to persons $45 32 10 Spending grants to other levels of government Public debt charges 40 37 43 Direct program spending 90 16 Total Outlays 212 19 Projected Budget Plan Surplus 13 225 a. The projected NTR in this budget plan is $ 147 billion. 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 46.7 %. 14.2 %. 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 17.5 % billion. 21.2 %. < Prev 2 of 8 Next > Check my work 64
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation of all parts
Transcribed Image Text:2
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.
Federal Government's Budget Plan for Fiscal Year ($billion)
eBook
REVENUES
Personal income taxes
Mc
Graw
Corporate income taxes
Other income taxes.
GST and excise taxes
EI premiums
Other revenues
Total Revenues
OUTLAYS
$105
Transfers to persons
$45
32
10
Spending grants to other levels of government
Public debt charges
40
37
43
Direct program spending
90
16
Total Outlays
212
19
Projected Budget Plan Surplus
13
225
a. The projected NTR in this budget plan is $ 147 billion.
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
46.7 %.
14.2 %.
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
17.5 %
billion.
21.2 %.
< Prev
2 of 8
Next >
Check my work
64
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