Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

What is the marginal tax rate in waxwania?

04/11/2020 Client: papadok01 Deadline: 3 days

1- Assume that a hypothetical economy with an MPC of 0.75 is experiencing severe recession.

Instructions: In part a, round your answers to 2 decimal places. Enter positive numbers. In part b, enter your answers as whole numbers.

a. By how much would government spending have to rise to shift the aggregate demand curve rightward by $25 billion? $ ___ billion.

How large a tax cut would be needed to achieve the same increase in aggregate demand? $ ___billion.

b. Determine one possible combination of government spending increases and tax increases that would accomplish the same goal without changing the amount of outstanding debt.

Increase spending by $ ____billion.

Increase taxes by $_______ billion.

2-

Real Output Demanded

Price Level

Real Output Supplied Billions

506

110

513

508

105

512

510

100

510

512

95

507

514

90

502

Suppose that aggregate demand increases such that the amount of real output demanded rises by $7 billion at each price level.

Instructions: Enter your answers as whole numbers.

a. By what percentage will the price level increase? percent.

Will this inflation be demand-pull inflation or will it be cost-push inflation? (Click to select) Cost-push inflation Demand-pull inflation.

b. If potential real GDP (that is, full-employment GDP) is $510 billion, what will be the size of the positive GDP gap after the change in aggregate demand? $ billion.

c. If the government wants to use fiscal policy to counter the resulting inflation without changing tax rates, would it increase government spending or decrease it? (Click to select)Decrease Increase.

3 Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget deficit of $20 billion in year 3, a budget surplus of $10 billion in year 4, and a budget deficit of $2 billion in year 5.

a. What is the absolute size of its public debt in year 5?

Instructions: Enter your answer as a whole number. Do not include a plus or minus sign.

Public Debt = $ billion.

b. If its real GDP in year 5 is $104 billion, what is this country’s public debt as a percentage of real GDP in year 5?

Instructions: Round your answer to 2 decimal places.

Public Debt = percent.

4. Suppose that the investment demand curve in a certain economy is such that investment declines by $130 billion for every 1 percentage point increase in the real interest rate. Also, suppose that the investment demand curve shifts rightward by $150 billion at each real interest rate for every 1 percentage point increase in the expected rate of return from investment. If stimulus spending (an expansionary fiscal policy) by government increases the real interest rate by 2 percentage points, but also raises the expected rate of return on investment by 1 percentage point, how much investment, if any, will be crowded out?

Instructions: Enter your answer as a whole number.

$ billion.

5.

Government Expenditures, G

Tax Revenues T

Real GDP

160

110

550

160

130

650

160

150

750

160

170

850

160

190

950

Instructions: Enter your answers as whole numbers.

a. What is the marginal tax rate in Waxwania?

percent.

b. What is the average tax rate?

percent.

c. Which of the following describes the tax system: proportional, progressive, regressive?

6.

Government Expenditures

Tax revenues

Real GDP

190

110

550

190

130

650

190

150

750

190

170

850

190

190

950

Instructions: Enter your answers as whole numbers.

a. Waxwania is producing $650 of real GDP, whereas the potential real GDP (or full-employment real GDP) is $750. How large is its budget deficit?

$.

How large is its cyclically adjusted budget deficit?

$.

b. How large is its cyclically adjusted budget deficit as a percentage of potential real GDP?

Instructions: Round your answer to 2 decimal places.

Deficit = percent.

c. Is Waxwania’s fiscal policy expansionary or is it contractionary?

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Essay Writing Help
Top Grade Essay
Writer Writer Name Offer Chat
Essay Writing Help

ONLINE

Essay Writing Help

I am a qualified and experienced Writer, Researcher, Tutor, analyst and Consultant. I hold MBA (Strategic Management) (Finance and Marketing) & CPA.K (Accounting and Finance.)

$62 Chat With Writer
Top Grade Essay

ONLINE

Top Grade Essay

Working on this platform from a couple of time with exposure of dynamic writing skills gathered with years experience on different other websites.

$62 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Betheluniversityonline net cps - Coach carter players names - The alchemist questions and answers - Fm19 send on leadership course - Australian unity eligibility check - Performance Improvement Assmt (Part 2) - North shore private birthing suite - Network Management - The four major enterprise applications are - Unit 5 IP Monitoring and Evaluating New Programs - Lilian cheung yuen pui - Army leader development strategy 2013 - Aiou m phil urdu fee structure - Tesco help centre staff - Kotter and schlesinger 1979 choosing strategies for change - How to use a bunsen burner - Determination of the copper content in a brass sample - Master genes that affect development tend to be highly ____ - Clinical Supervision - Food intake 3 days sci 220 - What does macduff do in macbeth - Nursery rhymes about plants - Bible quiz job pdf - Micro:bit question - The medical and dental defence union of scotland - Conservation of angular momentum lab - The seven signs of ethical collapse pdf - Love goes toward love as schoolboys from their books - Cracked moment of inertia aci 318-14 - Food safety matters student guide - Woodcut of patriot woman - Nabertherm more than heat 30 3000 c manual - For all work solver - Bubble tea birmingham bullring - Bio and information technology - Identifying subordinate clauses worksheet - Feminist lens in literature - Research framework - Annotated Bibliography. - What is iptv mean - Prietita and the ghost woman pdf - Roland's overhead doors reports the following financial information - The river god poem - Concepts in enterprise resource planning 3rd edition solutions - What are the needs and wants of ancient communities - Edict of milan original text - Nutrition - Harrogate advertiser court roundup - Chromium vi phosphide formula - Silva faria funeral home fall river - 6 iberis place woodvale - Dulux hog bristle half - Boston busing crisis - Bohemian rhapsody hidden meaning - 4ajob wendy's - Qualitative methods of demand forecasting ppt - Venus at her mirror rubens - I know why the caged bird sings conflict - Stevenage bus times sb1 - Situation analysis of coca cola company - Danny rivera shadow health quizlet - Creating a global management information system - Two-fold serial dilutions concentrations - D&k auto electrical wetherill park - Physics essay questions and answers - Sister callista roy adaptation model ppt - HEALTH CARE - University of adelaide orientation - Ashworth college intro to computers assignment 8 - Week 6 discussion - Problem solving - Nz maths learning objects - How do satellites aid in mapmaking - Indirect measurement using similar triangles - Janson corporation co s trial balance - Answer the questions - Bus admittance matrix in power systems - Snhu medical billing and coding - Animal vs plant cell venn diagram - Essential components of communication - Le chatelier's principle virtual lab answers - Deliverable 6 - Using Business Visuals - How to open yale safe box - Glb ethics and law - 4 layers of diversity model - APA 7TH EDITION (6) - Rational license key server download - Advance Pharmacology - Benchmark - Science/Health Mini-Unit Plan - Intermediate accounting chapter 21 solutions - Neo-piagetian theorists attempt to: - Complete the religion chart below using the websites posted. Please attach or take a clear picture of your completed chart. - No more excuses song trevor noah - Cloud Computing - Formula mass of glucose c6h12o6 - Culture questions to ask interviewee - The execution of wanda jean movie - Romeo and juliet newspaper article project - How do you move a slide in collapsed outline view - Remove design consulting data series excel