3. Focusing on the tax cut of 1964, the personal current tax receipts for 1965, the year after the tax cut is $ _______ billion.4. Focusing on the tax cut of 1964, the personal current tax receipts for 1966, two years after the tax cut is $ _______ billion.5. Focusing on the tax cut of 1964, the personal current tax receipts for 1967, three years after the tax cut is $ _______ billion. Last Revised on: September 28, 2023 - Next Release Date October 26, 2023LineLine12 Current tax receipts3456789171810 Income receipts on assets1112131415 Current transfer receipts16 From business (net)Current receiptsPersonal current taxesTaxes on production and importsTaxes on corporate incomeTaxes from the rest of the worldContributions for government social insuranceFrom personsFrom the rest of the world14 35 36 37 38 39 40 41 42 43Interest and miscellaneous receipts34Interest receipts2Rents and royaltiesDividends19 Current surplus of government enterprises420Current expendituresFrom personsFrom the rest of the world321 Consumption expenditures22 Current transfer payments23242533 OtherGovernment social benefits2627 Interest payments228 To persons and business229 To the rest of the world30 Subsidies43132 Social insurance fundsTo personsTo the rest of the world5Other current transfer payments to the rest of the world 3,5Net government savingAddenda:Total receiptsCurrentreceiptsCapital transfer receiptsTotal expendituresCurrent expendituresGross government investmentCapital transfer paymentsNet purchases of nonproduced assetsLess: Consumption of fixed capitalNet lending or net borrowing (-)1964166.1135.952.157.326.40.222.522.40.15.43.93.20.7AGAR1.61.40.80.60.9169.1108.435.131.731.30.33.422.922.50.52.7-3.01.3-4.3169.4166.13.3192.3169.146.40.11.925.1-22.91965179.8148.257.760.729.60.223.523.40.1S5.54.2ai3.60.71.31.81.20.60.8181.6116.238.034.433.90.53.624.524.00.53.0-1.90.5-2.4183.4179.83.6204.9181.647.90.11.826.4-21.51966202.2161.866.463.232.00.231.431.30.16.54.94.10.81.62.11.30.80.4204.5131.942.038.037.50.54.026.726.10.53.9-2.36.1-8.4206.1202.23.9232.0204.553.60.12.028.1-25.91967217.0171.973.067.930.70.235.034.90.17.55.64.70.91.92.31.41.00.3232.6149.350.346.345.80.64.029.128.50.63.8-15.54.2-19.8221.0217.04.0261.2232.657.70.11.230.2-40.2

Taxes refer to the revenue of the government that does not create any liability for the government.…

3. Focusing on the tax cut of 1964, the personal current tax receipts for 1965, the year after the tax cut is $ _______ billion. 4. Focusing on the tax cut of 1964, the personal current tax receipts for 1966, two years after the tax cut is $ _______ billion. 5. Focusing on the tax cut of 1964, the personal current tax receipts for 1967, three years after the tax cut is $ _______ billion.

3. Focusing on the tax cut of 1964, the personal current tax receipts for 1965, the year after the tax cut is $ ___ billion. 4. Focusing on the tax cut of 1964, the personal current tax receipts for 1966, two years after the tax cut is $ _ billion. 5. Focusing on the tax cut of 1964, the personal current tax receipts for 1967, three years after the tax cut is $ _____ billion.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter13: Positive Externalities And Public Goods

Section: Chapter Questions

Problem 18CTQ: Is it inevitable that government must become involved in supporting investments in new technology?

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Is it inevitable that government must become involved in supporting investments in new technology?
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