Refer to the accompanying table for Waxwania.   Government Expenditures, G Tax Revenues, T Real GDP $190 100 $500 190 120 600 190 140 700 190 160 800 190 180 900 a. What is the marginal tax rate in Waxwania?  ____percent        --The average tax rate?  _____percent

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A:

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A: Answer; Increase in tax rate = 28 -22 = 6%.

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A: Tax paid = Tax rate * Income

Q: Question: Solve for the equilibrium level of output in the following two scenarios: there isan…

A: Y=−5+0.5(Y−250−0.1Y)+200+300+50'