The government budget has a revenue deficit. This gets financed by:(A) Borrowing (B) Disinvestment (C) Tax revenue (D) Indirect taxes (a) A and D (b) C and D (c) A and B (d) C and D

According to the given question Actually in simple words we can say that revenue deficit occurs…

Answered: - The government budget has`a revenue…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Find the missing values for [ a ] through [ j ] below. [ j ] Which tax structure above is progressive? Which tax structure above is regressive?
8
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5. Explain the difference between an excise, corporate, payroll, & income tax rates. (a) Suppose that Leia lives on Alderaan. On the planet of Alderaan, income is taxed in a progressive manner. Thus, the first $10,000 of income is taxed at a rate of 5%. Any income earned above $10,000 is taxed at a rate of 20%. Suppose that Leia earns $55,000 in 2019. What is Leia's average tax rate? What is Leia's marginal tax rate?
2. (1) Valeria is a closed economy, where consumption totals $3 billion, tax payments are $300 million, governmen spending is $1 billion, and GDP is $5 billion. Private saving amounts to A B C D $1.7 billion and Valeria's government runs a budget deficit. $1.7 billion and Valeria's government runs a budget surplus. $1 billion and Valeria's government runs a budget deficit. $1 billion and Valeria's government runs a budget surplus
Which of the following is not a characteristic of a capital expenditure, for the purposes of government budgeting? a. recurring nature b. large price tag c. long life d. none of the above
7. Study Questions and Problems #7 Suppose Sean has a total taxable income of $30,000, and he must pay $3,000 in taxes for clothing purchased this year. Yvette has a total taxable income of $65,000. The average tax rate for Sean is %. Based on Yvette's taxable income and the average tax rate you found for Sean in the prior question, calculate the minimum amount of tax Yvette must pay to achieve each tax structure listed in the following table. Type of Tax Structure Regressive Progressive Proportional Tax Needed to Achieve Tax Structure (Dollars)

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- The government budget has`a revenue gets financed by: (A) Borrowing (B) Disinvestment (C) Tax revenue (D) Indirect taxes avegbu (a) A and D (b) C and D (c) A and B (d) C and D