27. Let the government increase spending by 10$ with a money multiplier of 3. What is the total amount of debt? What is the total new income? Let the tax rate = 10%. How much of the new income comes back to the government? How much is added to the deficit? 28. Let potential income (X") 10$ Trillion and actual income (X^) = 9.8$ Trillion. What is the structural deficit in both trillions and billions of dollars? Let the tax rate = 10%. Identify the passive deficit and the actual deficit. Show your work!

27. Let the government increase spending by 10$ with a money multiplier of 3. What is the total amount of debt? What is the total new income? Let the tax rate = 10%. How much of the new income comes back to the government? How much is added to the deficit? 28. Let potential income (X") 10$ Trillion and actual income (X^) = 9.8$ Trillion. What is the structural deficit in both trillions and billions of dollars? Let the tax rate = 10%. Identify the passive deficit and the actual deficit. Show your work!

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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