9. Focusing on the tax cut of 1982, the personal current tax receipts for 1981, the year before the tax cut is $ _______ billion. 10. Focusing on the tax cut of 1982, the personal current tax receipts for 1982, the year of the tax cut is $ _______ billion. 11. Focusing on the tax cut of 1982, the personal current tax receipts for 1983, the year after the tax cut is $ _______ billion.
9. Focusing on the tax cut of 1982, the personal current tax receipts for 1981, the year before the tax cut is $ _______ billion. 10. Focusing on the tax cut of 1982, the personal current tax receipts for 1982, the year of the tax cut is $ _______ billion. 11. Focusing on the tax cut of 1982, the personal current tax receipts for 1983, the year after the tax cut is $ _______ billion.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
9. Focusing on the tax cut of 1982, the personal current tax receipts for 1981, the year before the tax cut is $ _______ billion.
10. Focusing on the tax cut of 1982, the personal current tax receipts for 1982, the year of the tax cut is $ _______ billion.
11. Focusing on the tax cut of 1982, the personal current tax receipts for 1983, the year after the tax cut is $ _______ billion.
12. Focusing on the tax cut of 1982, the personal current tax receipts for 1984, two years after the tax cut is $ _______ billion.
13. Focusing on the tax cut of 1982, the personal current tax receipts for 1985, three years after the tax cut is $ _______ billion.
14. Focusing on the tax cut of 1982, the personal current tax receipts for 1986, four years after the tax cut is $ _______ billion.
Transcribed Image Text:Last Revised on: September 28, 2023 - Next Release Date October 26, 2023
Line
Line
1
2 Current tax receipts
3 Personal current taxes 1
4
5
6
7
8
9
10
11
12
Current receipts
13 Income receipts on assets
14 Interest receipts4
Dividends
Taxes on production and imports2
Excise taxes
Customs duties
Other
15
16
17
18
Rents and royalties5
19 Current transfer receipts
20
From business
21
From persons
22 From the rest of the world6
23 Current surplus of government enterprises7
24
Current expenditures
Taxes on corporate income
Taxes from the rest of the world
0 1 2 3 4 45 46 47 48 49
Contributions for government social insurance
From persons
From the rest of the world3
25 Consumption expenditures
26 Current transfer payments
27
28
29
30
31
41
Federal Reserve banks
Other
42
32
33 Interest payments4
34 To persons and business4
To the rest of the world
44
Government social benefits
35
36 Subsidies7
37
To persons
To the rest of the world8
Other current transfer payments
Grants-in-aid to state and local governments
To the rest of the world6,8
38 Social insurance funds
39 Other
40 Total receipts
Net federal government saving
Current receipts
Capital transfer receipts
43 Total expenditures
Addenda:
Current expenditures
Gross government investment
Capital transfer payments
Net purchases of nonproduced assets
Less: Consumption of fixed capital
Net lending or net borrowing (-)
1982
618.7
371.8
295.6
41.0
32.3
8.6
33.8
1.4
206.0
204.9
1.2
38.6
18.3
15.2
15.2
▪▪▪
5.1
4.4
3.7
0.7
-2.1
786.0
258.4
360.4
286.0
281.9
4.1
74.4
66.3
8.1
152.7
134.7
18.0
14.6
-167.4
-34.4
-132.9
626.2
618.7
7.5
811.6
786.0
90.0
14.7
-3.7
75.4
-185.4
1983
644.8
379.5
286.8
44.4
35.3
9.1
47.1
1.2
223.1
221.8
1.3
38.9
20.4
14.2
14.2
4.3
5.2
4.2
1.0
-1.9
851.9
280.0
384.1
307.2
303.6
3.6
76.9
67.9
8.9
167.0
148.9
18.1
20.9
-207.2
-37.9
-169.3
650.5
644.8
5.8
883.8
851.9
102.3
15.6
-4.9
81.1
-233.3
1984
711.2
409.7
301.9
47.3
35.4
11.9
▪▪▪
59.2
1.3
254.1
252.8
1.3
43.8
22.8
16.1
16.1
▪▪▪
4.9
6.3
5.2
1.0
---
-2.7
907.7
296.2
397.0
313.4
309.7
3.7
83.6
72.3
11.2
193.8
173.7
20.2
20.7
-196.5
-9.4
-187.1
717.1
711.2
6.0
946.5
907.7
115.6
17.8
-4.0
90.6
-229.4
1985
775.7
442.9
336.5
46.1
33.9
12.2
---
58.5
1.9
277.9
276.5
1.4
47.9
25.6
17.8
17.8
4.6
8.6
7.4
1.2
-1.6
975.0
320.4
419.8
329.9
325.9
4.0
89.9
76.2
13.8
213.7
191.6
22.2
21.0
-199.2
0.8
-200.1
782.1
775.7
6.4
1,028.9
975.0
132.5
19.6
-1.2
97.0
-246.8
1986
817.9
462.0
350.6
43.7
30.0
13.7
▪▪▪
66.0
1.7
298.9
297.5
1.5
49.9
28.8
17.8
17.8
---
3.3
7.6
6.3
1.3
-0.6
1,033.8
339.8
445.3
348.7
344.3
4.4
96.6
82.4
14.2
224.2
200.9
23.3
24.6
-215.9
5.6
-221.5
824.9
817.9
7.0
1,089.2
1,033.8
141.9
20.1
-3.0
103.6
-264.3
1987
899.5
526.4
393.0
45.9
30.4
15.5
85.4
2.0
317.4
315.9
1.5
45.9
25.1
17.7
17.7
3.1
10.2
8.2
2.0
-0.5
1,065.2
350.3
452.6
361.5
357.2
4.3
91.1
78.4
12.7
232.3
208.2
24.1
30.0
-165.7
14.4
-180.2
906.7
899.5
7.2
1,126.2
1,065.2
152.4
19.1
-0.4
110.1
-219.5
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education