In the budget presented by the Government, far reaching tax rebates are provided to all classes of tax payers. A researcher therefore conducts survey to examine whether these tax reductions have led to a change in the consumption patterns of various social classes in the country. What kind of study would this fall under. Explain your answer

In the budget presented by the Government, far reaching tax rebates are provided to all classes of tax payers. A researcher therefore conducts survey to examine whether these tax reductions have led to a change in the consumption patterns of various social classes in the country. What kind of study would this fall under. Explain your answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question2. Given: C = 250 + 0.8 Y I = 150G = 300TR = 100NX = 100t =0.25i) Find the equilibrium level of income.ii) Suppose, b 50, MPS falls to .05, I falls to10, G falls to 100 and NX falls to 10. How much TR should the government increase to havethe same level of equilibrium income as in part i)?iii) In determining the required change in TR in part ii), which multiplier did you use and why?(Hint: keep in mind the consumption tendency households may have under the COVID 19situation in selecting the multiplier).iv) Draw a graph to show the appropriate changes between part i) and part ii).v) Give an example related to current Bangladeshi situation where the government may follow a'Transfer Promoting Policy' instead of a 'Growth Promoting Policy' in determining who gets thetransfer payment.vi) Instead of paying transfer (TR) if the government were to increase government spending (G),what type of crowding out would you expect? Briefly explain.vii) As we have observed recently that, a lot…
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