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 Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $95 36 5 Transfers to persons Spending grants to other levels of government Public debt charges Other income taxes GST and excise taxes 47 EI premiums 13 Other revenues 17 Total Revenues 213 a. The projected NTR in this budget plan is $ b. The value of NTR less government spending on goods and services (G) is $ Direct program spending Total Outlays Projected Budget Plan Surplus billion. billion. $42 36 31 100 209 4

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 Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $95 36 5 Transfers to persons Spending grants to other levels of government Public debt charges Other income taxes GST and excise taxes 47 EI premiums 13 Other revenues 17 Total Revenues 213 a. The projected NTR in this budget plan is $ b. The value of NTR less government spending on goods and services (G) is $ Direct program spending Total Outlays Projected Budget Plan Surplus billion. billion. $42 36 31 100 209 4

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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