The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes Other income taxes GST and excise taxes EI premiums Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $115 26 3 Transfers to persons Spending grants to other levels of government Public debt charges Direct program spending Total Outlays Projected Budget Plan Surplus 45 19 Other revenues 22 Total Revenues 230 a. The projected NTR in this budget plan is $ 149 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 outlayslanade up by public debt charges is 28 billion. 50.0 % %. %. $40 46 28 75 189 41

The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes Other income taxes GST and excise taxes EI premiums Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $115 26 3 Transfers to persons Spending grants to other levels of government Public debt charges Direct program spending Total Outlays Projected Budget Plan Surplus 45 19 Other revenues 22 Total Revenues 230 a. The projected NTR in this budget plan is $ 149 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 outlayslanade up by public debt charges is 28 billion. 50.0 % %. %. $40 46 28 75 189 41

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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how you know what c value to look at
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