50 40 30 20 10 0 20 40 60 80 Tax Rate (%) 100 According to this Laffer curve, should the government increase the tax rate from 4C O a.) Yes, because the tax revenue continues to increase after a tax rate of 4C b.) No, because the government should increase the tax rate to 100%. Oc.) No, because the tax revenue is no longer maximized. O d.) Yes, because the government will receive a higher tax revenue.
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- Question Arrange the following revenues in the federal government, from greatest to least. (1 being the greatest, 6 being the least.) Column A 1. 2. 3. 4. 5. 6. Individual Income Taxes Social Security and Medicare Taxes Corporate Income Taxes Excise Taxes Miscellaneous Revenue Customs Duties Column B a. 4 Select the three correct answers. O a Medicare and Medicaid Ob military and defense Uc state and local governments. Ud Federal Bureau of Investigation De education and transportation A f Social Security b. 2 c. 5 d. 1 e. 6 f. 3 Questio Which items are part of mandatory spending in the federal government?Only typed answer and please don't use chatgpt Suppose the tax multiplier in an economy is -3. How will total spending (TS) change when taxes (T) increase by $300? Group of answer choices TS will decrease by $900 TS will decrease by $100 TS will increase by $900 TS will increase by $100O OR A 9:20 AM Vo 4G41 LTE 4G 1l OK/s Start your trial now! First week only $4.99! > What happens to the tax revenue when the tax on a good increase gradually? (a) Will rise (b) Will fall (c) Will first rise and then fall (d) Will first fall and then rise (e) None of the above Bu Question II
- 4help plz18. Given the following graph, calculate the government tax revenue. 0.9 0.8 0.7 8 0.6 Price per CD. 0.5 0.4 0.3 0.2 0.1 0 0 (a) $4 million 10 20 30 40 7 50 60 (b) $8 million (c) $16 million (d) $28 million (e) There is not enough information to answer this question. S2 70 D 80 S1 4 90 gupply insolve 5 min this is the answer plz write hand written Here, the given graph shows the price for buyers and sellers at the market quantity, with and without tax. According to the given information, after tax buyer's price is $15, while seller's price is $13, which implies the tax of $2 ($15-$13). At this market price, quantity sold is 3,700 units, therefore, total tax revenue would be: =Tax ratexquantity sold =$2×3,700 =$7,400 Hence, the correct option is: b.
- 5. If elasticity > 1 then governments collect more revenues if they increase taxesOF Duppose a tax of $4 imposed. on a tee' equilibrium quont decreosefrom 2006 units to the unit is pou good, and thhe tax ity % the goed to a causes 1808 unts $5000 ond $3400. tax decreoses consemer surples by decruoses paucer, urpeus by the duod weipent loo 0os of tee tax is. a) $50 800 1200 2) $1600 5. e$2200 お 3000tudy Tools s ss Tips s Tips Point A TAX REVENUE (Billions of dollars) C D 20 Complete the following table by indicating what the government should do in order to maximize tax revenues if it is operating at each of the points listed. + OOO с $ INCOME TAX RATE (Percent) xo Raise Tax Rates Lower Tax Rates Keep Current Tax Rates O O O ooo 100 % MacBook Pro G Search or type URL & * O ( O C 11 A-Z