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The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. Federal Government's Budget Plan for Fiscal Year ($billion)_ REVENUES Personal income taxes Corporate income taxes Other income taxes GST and excise taxes EI premiums $120 28 2 48 18 21 237 OUTLAYS Transfers to persons Spending grants to other levels of government Public debt charges Direct program spending Total Outlays Projected Budget Plan Surplus Other revenues Total Revenues a. The projected NTR in this budget plan is $ billion. b. The value of NTR less government spending on goods and services (G) is $ Round your answers to 1 decimal place. c. The percentage of total revenue made up by personal income taxes is d. The percentage of total revenue made up by corporate income taxes is e. The percentage of total outlays made up by transfer payments to persons is f. The percentage of total outlays made up by public debt charges is %. %- %. billion. $38 44 26 80 188 49

The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. Federal Government's Budget Plan for Fiscal Year ($billion)_ REVENUES Personal income taxes Corporate income taxes Other income taxes GST and excise taxes EI premiums $120 28 2 48 18 21 237 OUTLAYS Transfers to persons Spending grants to other levels of government Public debt charges Direct program spending Total Outlays Projected Budget Plan Surplus Other revenues Total Revenues a. The projected NTR in this budget plan is $ billion. b. The value of NTR less government spending on goods and services (G) is $ Round your answers to 1 decimal place. c. The percentage of total revenue made up by personal income taxes is d. The percentage of total revenue made up by corporate income taxes is e. The percentage of total outlays made up by transfer payments to persons is f. The percentage of total outlays made up by public debt charges is %. %- %. billion. $38 44 26 80 188 49

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS REVENUES Personal income taxes $120 Transfers to persons Spending grants to other levels of government Public debt charges Direct program spending Total Outlays Projected Budget Plan Surplus $38 Corporate income taxes Other income taxes 28 44 2 26 GST and excise taxes 48 80 EI premiums 18 188 Other revenues 21 49 Total Revenues 237 a. The projected NTR in this budget plan is $ |billion. b. The value of NTR less government spending on goods and services (G) is $ billion. Round your answers to 1 decimal place. c. The percentage of total revenue made up by personal income taxes is %. d. The percentage of total revenue made up by corporate income taxes is %. e. The percentage of total outlays made up by transfer payments to persons is %. f. The percentage of total outlays made up by public debt charges is %.
Transcribed Image Text:The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS REVENUES Personal income taxes $120 Transfers to persons Spending grants to other levels of government Public debt charges Direct program spending Total Outlays Projected Budget Plan Surplus $38 Corporate income taxes Other income taxes 28 44 2 26 GST and excise taxes 48 80 EI premiums 18 188 Other revenues 21 49 Total Revenues 237 a. The projected NTR in this budget plan is $ |billion. b. The value of NTR less government spending on goods and services (G) is $ billion. Round your answers to 1 decimal place. c. The percentage of total revenue made up by personal income taxes is %. d. The percentage of total revenue made up by corporate income taxes is %. e. The percentage of total outlays made up by transfer payments to persons is %. f. The percentage of total outlays made up by public debt charges is %.
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