19. Make a graph showing the spending and tax revenue of your satate government for as...

19. Make a graph showing the spending and tax revenue of your satate government for as many years as you can find (use the government of your home country if you are not from the United States).

a. What trends do you notice?

b. What spending categories make up the largest share of the state budget?

c. What are the largest sources of revenue?

Expert Solution

Rahul Sunny answered 2 years ago

Read and explain a graph showing how government tax revenue is spent

A government annually collects $520 billion in tax revenue and allocates $64 billion to education spending....

A government annually collects $520 billion in tax revenue and allocates $64 billion to education spending. What percentage of this government's budget is spent on education? A. 24.50% B. 12.31% C. 13.21% D. 30.13%

One of the major sources of revenue for the government is Tax. The government spends the...

One of the major sources of revenue for the government is Tax. The government spends the tax that it collected on various activities which include nation building and social welfare of citizens and residents. The government charges tax to individuals and corporates as per the tax provision in the country, but there have been many incidences where the payers have not paid taxes to the government. The country’s tax authority is empowered to implement the tax laws and also penalise...

1. Suppose the autonomous spending is 20, MPC is 0.75. Government spending and tax are unknown....

1. Suppose the autonomous spending is 20, MPC is 0.75. Government spending and tax are unknown. Investment is following the function: I(r) = 200 - 50r. If the Government want to close the output gap of -30 by changing tax. Suppose Fed's monetary policy is fixing the real interest rate at 2%, thus the LM curve is horizontal. What is the change in tax the government should aim at? 2. Suppose the production function of a close economy is F(K,...

Deficit spending (a higher government spending for a given tax rate) appears to have a negative...

Deficit spending (a higher government spending for a given tax rate) appears to have a negative effect on the economy but in the IS-LM model we can see that the opposite is true. A higher G increases the GDP by enhancing demand. Which one do you think is true? Can you reconcile these two ideas? What is your conclusion in terms of practical policy? I need some help with this

Government spending in Robok is $200 billion, and its only tax is an income tax with...

Government spending in Robok is $200 billion, and its only tax is an income tax with a marginal tax rate of 0.4. a. The balance on the government’s budget at a GDP level of $380 billion is a (Click to select) deficit surplus of $ billion. b. The balance on the government’s budget at a GDP level of $580 billion is a (Click to select) deficit surplus of $ billion. c. At what level of GDP will the economy of Robok have a balanced budget? Robok will have a balanced...

19. Construct a graph showing equilibrium in the market for movie tickets. Label both axes and...

19. Construct a graph showing equilibrium in the market for movie tickets. Label both axes and denote the initial equilibrium price and quantity as P0 and Q0. For each of the following events, draw an appropriate new supply or demand curve for movies, and predict the impact of the event on the market price of a movie ticket and the number of tickets sold in the new equilibrium situation: a. Movie theatres double the price of soft drinks and popcorn....

Algebraically derive the government spending and tax multiplier for the case in which tax revenues depend...

Algebraically derive the government spending and tax multiplier for the case in which tax revenues depend on income level. Verbally explain what you do in each step of the derivation. please do not copy on Chegg i want another type answer thanks and please do not write handwriting

A. draw a graph showing the marginal cost, average total cost, demand, marginal revenue, and average...

A. draw a graph showing the marginal cost, average total cost, demand, marginal revenue, and average revenue for a perfectly competitive firm. Indicate the level of profit where profit is maximized, shade in the area of maximum profit, give the amount of maximum profit, and explain how this number is calculated. B.Graph the short-run supply curve for a perfectly competitive firm and explain where this short-run supply curve lies. Indicate the following curves on your graph: marginal cost curve, marginal...

Q1 Assuming a perfectly efficient and benevolent government (use your imagination!) that spends tax revenue to...

Q1 Assuming a perfectly efficient and benevolent government (use your imagination!) that spends tax revenue to provide public services, please make one economic argument for and against a high-tax society, and one economic argument for and against a low-tax society. Please note that this isn't a political debate course, so please keep your answers in terms of economic concepts (consumer/producer surplus, utility, dead weight loss, etc.). Q2 Working on a farm in the U.S., my family's labor and capital costs...

Question