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Macroeconomics, attached module problems.

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solution


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1. The federal budget;Year;1998;2000;2002;2004;2006;Revenu Expenditur;Rev as %;Exp as %;es;es;GDP;GDP;GDP;Deficit;1722;1653;8747;20%;19%;69;2025;1789;9817;21%;18%;236;1853;2011;10470;18%;19%;-158;1880;2293;11686;16%;20%;-413;2407;2655;13178;18%;20%;-248;Government's budget was in deficit in 2002, 2004 and 2006;In 2002, Public debt increases by 1%;Impact of income tax cut on aggregate supply (SRAS) and aggregate demand curves;demand side;Impact of income tax cut on aggregate supply (SRAS) and aggregate demand curves;Supply side;Supply side policy;1. Income tax cut;2. Increases supply of labor;3. Aggregate supply shifts out to the right;4. Real GPD increases and price level decreases;Demand side policy;1. Income tax cut;2. Increases consumption spending;3. Aggregate demand shift to the right;4. Real GDP increases and price level increases;7. Understanding marginal and average tax rates.;Under Plan A;500- since it does not go above the 1,000 limit it will be taxed at 20%. The 20% is your marginal tax;AND your average tax since it did not go above the limit;1,500- since it does go above the...

 

Paper#15214 | Written in 18-Jul-2015

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