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. 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 $100 34 7 47 14 Other revenues 18 Total Revenues 220 a. The projected NTR in this budget plan is $ BEATA Transfers to persons Spending grants to other levels of government Public debt charges||||||| Direct program spending Total Outlays Projected Budget Plan Surplus billion. $46 38 35 95 214 6
The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes Other income taxes GST and excise taxes EI premiums Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $100 34 7 47 14 Other revenues 18 Total Revenues 220 a. The projected NTR in this budget plan is $ BEATA Transfers to persons Spending grants to other levels of government Public debt charges||||||| Direct program spending Total Outlays Projected Budget Plan Surplus billion. $46 38 35 95 214 6
Chapter11: Fiscal Policy
Section: Chapter Questions
Problem 19E
Related questions
Question
1
![The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of
the spending grants to other levels of government were spent in Canada on goods and services.
REVENUES
Personal income taxes
Corporate income taxes
Other income taxes
GST and excise taxes
EI premiums
Federal Government's Budget Plan for Fiscal Year ($billion)
OUTLAYS
$100
34
7
47
14
18
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
220
a. The projected NTR in this budget plan is $
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
%.
Prev
Search
%.
%.
1 of 14
billion.
%.
SAMSUNG
Next >
WAT
$46
38
35
95
214
6](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F489fd232-2439-4a45-bf56-d30e324831e5%2Fb06386d1-341a-4970-98ce-fb6ba03cd276%2Fxq9sr4r_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of
the spending grants to other levels of government were spent in Canada on goods and services.
REVENUES
Personal income taxes
Corporate income taxes
Other income taxes
GST and excise taxes
EI premiums
Federal Government's Budget Plan for Fiscal Year ($billion)
OUTLAYS
$100
34
7
47
14
18
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
220
a. The projected NTR in this budget plan is $
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
%.
Prev
Search
%.
%.
1 of 14
billion.
%.
SAMSUNG
Next >
WAT
$46
38
35
95
214
6
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