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3. Focusing on the tax cut of 1964, the personal current tax receipts for 1965, the year after the tax cut is $ _______ billion. 4. Focusing on the tax cut of 1964, the personal current tax receipts for 1966, two years after the tax cut is $ _______ billion. 5. Focusing on the tax cut of 1964, the personal current tax receipts for 1967, three years after the tax cut is $ _______ billion.

3. Focusing on the tax cut of 1964, the personal current tax receipts for 1965, the year after the tax cut is $ _______ billion. 4. Focusing on the tax cut of 1964, the personal current tax receipts for 1966, two years after the tax cut is $ _______ billion. 5. Focusing on the tax cut of 1964, the personal current tax receipts for 1967, three years after the tax cut is $ _______ billion.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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3. Focusing on the tax cut of 1964, the personal current tax receipts for 1965, the year after the tax cut is $ _______ billion.

4. Focusing on the tax cut of 1964, the personal current tax receipts for 1966, two years after the tax cut is $ _______ billion.

5. Focusing on the tax cut of 1964, the personal current tax receipts for 1967, three years after the tax cut is $ _______ billion.

Last Revised on: September 28, 2023 - Next Release Date October 26, 2023 Line Line 1 2 Current tax receipts 3 4 5 6 7 8 9 17 18 10 Income receipts on assets 11 12 13 14 15 Current transfer receipts 16 From business (net) Current receipts Personal current taxes Taxes on production and imports Taxes on corporate income Taxes from the rest of the world Contributions for government social insurance From persons From the rest of the world1 4 35 36 37 38 39 40 41 42 43 Interest and miscellaneous receipts 34 Interest receipts2 Rents and royalties Dividends 19 Current surplus of government enterprises4 20 Current expenditures From persons From the rest of the world3 21 Consumption expenditures 22 Current transfer payments 23 24 25 33 Other Government social benefits 26 27 Interest payments2 28 To persons and business2 29 To the rest of the world 30 Subsidies4 31 32 Social insurance funds To persons To the rest of the world5 Other current transfer payments to the rest of the world 3,5 Net government saving Addenda: Total receipts Current receipts Capital transfer receipts Total expenditures Current expenditures Gross government investment Capital transfer payments Net purchases of nonproduced assets Less: Consumption of fixed capital Net lending or net borrowing (-) 1964 166.1 135.9 52.1 57.3 26.4 0.2 22.5 22.4 0.1 5.4 3.9 3.2 0.7 AGAR 1.6 1.4 0.8 0.6 0.9 169.1 108.4 35.1 31.7 31.3 0.3 3.4 22.9 22.5 0.5 2.7 -3.0 1.3 -4.3 169.4 166.1 3.3 192.3 169.1 46.4 0.1 1.9 25.1 -22.9 1965 179.8 148.2 57.7 60.7 29.6 0.2 23.5 23.4 0.1 S 5.5 4.2 ai 3.6 0.7 1.3 1.8 1.2 0.6 0.8 181.6 116.2 38.0 34.4 33.9 0.5 3.6 24.5 24.0 0.5 3.0 -1.9 0.5 -2.4 183.4 179.8 3.6 204.9 181.6 47.9 0.1 1.8 26.4 -21.5 1966 202.2 161.8 66.4 63.2 32.0 0.2 31.4 31.3 0.1 6.5 4.9 4.1 0.8 1.6 2.1 1.3 0.8 0.4 204.5 131.9 42.0 38.0 37.5 0.5 4.0 26.7 26.1 0.5 3.9 -2.3 6.1 -8.4 206.1 202.2 3.9 232.0 204.5 53.6 0.1 2.0 28.1 -25.9 1967 217.0 171.9 73.0 67.9 30.7 0.2 35.0 34.9 0.1 7.5 5.6 4.7 0.9 1.9 2.3 1.4 1.0 0.3 232.6 149.3 50.3 46.3 45.8 0.6 4.0 29.1 28.5 0.6 3.8 -15.5 4.2 -19.8 221.0 217.0 4.0 261.2 232.6 57.7 0.1 1.2 30.2 -40.2
Transcribed Image Text:Last Revised on: September 28, 2023 - Next Release Date October 26, 2023 Line Line 1 2 Current tax receipts 3 4 5 6 7 8 9 17 18 10 Income receipts on assets 11 12 13 14 15 Current transfer receipts 16 From business (net) Current receipts Personal current taxes Taxes on production and imports Taxes on corporate income Taxes from the rest of the world Contributions for government social insurance From persons From the rest of the world1 4 35 36 37 38 39 40 41 42 43 Interest and miscellaneous receipts 34 Interest receipts2 Rents and royalties Dividends 19 Current surplus of government enterprises4 20 Current expenditures From persons From the rest of the world3 21 Consumption expenditures 22 Current transfer payments 23 24 25 33 Other Government social benefits 26 27 Interest payments2 28 To persons and business2 29 To the rest of the world 30 Subsidies4 31 32 Social insurance funds To persons To the rest of the world5 Other current transfer payments to the rest of the world 3,5 Net government saving Addenda: Total receipts Current receipts Capital transfer receipts Total expenditures Current expenditures Gross government investment Capital transfer payments Net purchases of nonproduced assets Less: Consumption of fixed capital Net lending or net borrowing (-) 1964 166.1 135.9 52.1 57.3 26.4 0.2 22.5 22.4 0.1 5.4 3.9 3.2 0.7 AGAR 1.6 1.4 0.8 0.6 0.9 169.1 108.4 35.1 31.7 31.3 0.3 3.4 22.9 22.5 0.5 2.7 -3.0 1.3 -4.3 169.4 166.1 3.3 192.3 169.1 46.4 0.1 1.9 25.1 -22.9 1965 179.8 148.2 57.7 60.7 29.6 0.2 23.5 23.4 0.1 S 5.5 4.2 ai 3.6 0.7 1.3 1.8 1.2 0.6 0.8 181.6 116.2 38.0 34.4 33.9 0.5 3.6 24.5 24.0 0.5 3.0 -1.9 0.5 -2.4 183.4 179.8 3.6 204.9 181.6 47.9 0.1 1.8 26.4 -21.5 1966 202.2 161.8 66.4 63.2 32.0 0.2 31.4 31.3 0.1 6.5 4.9 4.1 0.8 1.6 2.1 1.3 0.8 0.4 204.5 131.9 42.0 38.0 37.5 0.5 4.0 26.7 26.1 0.5 3.9 -2.3 6.1 -8.4 206.1 202.2 3.9 232.0 204.5 53.6 0.1 2.0 28.1 -25.9 1967 217.0 171.9 73.0 67.9 30.7 0.2 35.0 34.9 0.1 7.5 5.6 4.7 0.9 1.9 2.3 1.4 1.0 0.3 232.6 149.3 50.3 46.3 45.8 0.6 4.0 29.1 28.5 0.6 3.8 -15.5 4.2 -19.8 221.0 217.0 4.0 261.2 232.6 57.7 0.1 1.2 30.2 -40.2
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