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- You have the following information:employee compensation $3.5 trillionnet interest $1.3 trillionrental income $2 trillionproprietor's income $2.6 trillioncorporate profits $3 trillionindirect business taxes $0.8 trilliondepreciation $1 trillionNet national product is equal to $___ trillion4help plzWhat is deflation?
- Agricultural price supports result in governments holding large inventories of agricultural products. Why do you think the government cannot simply give the products away to poor people?Last month The Sweet Tooth Candy Shops had total sales, including sales tax, of $64,889. The stores are located in a state that has a sales tax of 7 1 2 %. (Round your answers to the nearest cent.) (a) As the accountant for The Sweet Tooth, calculate the amount of sales revenue (in $) for the shops last month. $ (b) As the accountant for The Sweet Tooth, calculate the amount of sales taxes (in $) that must be sent to the state Department of RevenuGovernment spending (as a percentage of gross domestic expenditure) hasincreased significantly over the past decades. Explain any two reasons for thistrend.
- SQU E-LEARNING SYSTEM (ACA Refer to the information provided in Table 6.8 below to answer the questions that follow 56 Table 6.8 SBIllions 20 1.0 1.C Depredation Receipts of factor incorme from the rest of the world Govemment purchases Imports Payments of factor income to the rest of the world Net private domestic imvestment 40 150 50 40 160 Personal income taxes 80 Persoral consumption expenditures 700 Dividends 10 70 Exports Amount of national income not going to households 30 Refer to Table 6.8. The value for personal income in billions of dollars is 970 a O 1,110 b O 1.050 .c O 1.000 d O Activate Windows 20ser Sergi ENG INTLList all the taxes that get reported on a BAS and IAS along with a short reference to their legislation regarding the lodgement schedule. Use the table below: BAS lodgement date Tax Item IAS lodgement date GST PAYGW PAYGI LCT WETDefine the term Gross revenues?
- Based on the following data: Taxable income ($) Total tax ($) 1500 5 2500 110 3000 200 4500 400 5000 600 6000 900 Please answer the next questions. 1. What kind of tax is illustrated, i.e, structural, perverse, proportional or progressive. Explain. 2. If your taxable income is $5000, what is your average tax rate? 3. If your taxable income increases from $5000 to $6000, what is your marginal tax rate?The equilibrium level of real GDP is Real GDP Consumption (Y) (C) $8,000 $6,200 9,000 10,000 11,000 12,000 6,850 7,500 8,150 8,800 Planned. Gov't Net Investment Purchases Exports Aggregate Planned (1) $1,675 (G) (NX) $1,675 -$500 Expenditure $9,050 1,675 1,675 -$500 9,700 1,675 1,675 -$500 1,675 -$500 1,675 -$500 1,675 1,675 10,350 11,000 11,650 Unplanned Change in Inventories $-1,050 -700 -350 350Firm A Wages paid to employees Taxes paid to government Input purchased from Firm C Revenue received 188 177 89 489 Sold to Public (newly produced) Sold to Firm B 343 62 Sold from inventory to Public Unsold production After tax profi: 84 73 35 Firm B Wages paid to empioyees Taxes paid to government Input purchased from Firm A Revenue received 80 114 62 447 Sold to Public (newly produced) Sold to Firm C 313 52 Sold from inventory to Public Unsald Production 82 80 After tax profit 191 Firm C Wages paid to employees Taxes paid to government Input purchesed from Firm B Revenue received Sold to Public (newly produced) Sold to Government 124 200 52 762 447 226 Sold to Firm A 89 Unsold Production 91 After tax profit 386 Additional Information Government transfers 223 55 Interest on government's debt Private Saving 416 What is the value of Consumption (C)? 1269 What is the value of Gross domestic product (GDP)? 1573 What is the value of Net government income? 1573 What is the value of Private…