2. The Taxes on corporate income (included in current tax receipts) for the 4th quarter of 2019 is: $______ billions. 23.The Taxes on corporate income (included in current tax receipts) for the 4th quarter of 2017 is: $______ billions. 24.The change in the Taxes on corporate income, from 4th quarter of 2017 to the 4th quarter of 2019 is: ______ billions. 25. The Contributions for government social insurance FROM PERSONS for the 4th quarter of 2019 is: $______ billions. 26. The Contributions for government social insurance FROM PERSONS for the 4th quarter of 2017 is: $______ billions. 27. The change in the Contributions for government social insurance FROM PERSONS, from 4th quarter of 2017 to the 4th quarter of 2019 is: ______ billions.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

22. The Taxes on corporate income (included in current tax receipts) for the 4th quarter of 2019 is: $______ billions.

23.The Taxes on corporate income (included in current tax receipts) for the 4th quarter of 2017 is: $______ billions.

24.The change in the Taxes on corporate income, from 4th quarter of 2017 to the 4th quarter of 2019 is: ______ billions.

25. The Contributions for government social insurance FROM PERSONS for the 4th quarter of 2019 is: $______ billions.

26. The Contributions for government social insurance FROM PERSONS for the 4th quarter of 2017 is: $______ billions.

27. The change in the Contributions for government social insurance FROM PERSONS, from 4th quarter of 2017 to the 4th quarter of 2019 is: ______ billions.

Table 3.2. Federal Government Current Receipts and Expenditures
[Billions of dollars] Seasonally adjusted at annual rates
Last Revised on: August 30, 2023 - Next Release Date September 28, 2023
2017
Line
1
2 Current tax receipts
3
Current receipts
5
6
7
Personal current taxes 1
Taxes on production and imports2
Excise taxes
Customs duties
Other
Taxes on corporate income
Taxes from the rest of the world
Contributions for government social insurance
From persons
From the rest of the world3
9
10
11
12
13 Income receipts on assets
14 Interest receipts4
15
Dividends
16
17
18
Rents and royalties5
19 Current transfer receipts
20
From business
21
22
23 Current surplus of government enterprises7
24
Current expenditures
Federal Reserve banks
Other
From persons
From the rest of the world6
25 Consumption expenditures
26 Current transfer payments
27
28
29
Government social benefits
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
30
31
32
33 Interest payments4
34
35
36 Subsidies7
37
38 Social insurance funds
39 Other
To persons and business4
To the rest of the world
Net federal government saving
Addenda:
2017
Q2
3,474.1
1,982.0
2017
Q3
3,518.8
2,021.4
1,600.1 1,623.2
131.7
131.9
91.5
39.0
1.2
225.4
24.8
1,275.1
1,269.9
5.2
142.4
29.1
107.5
87.2
20.2
5.8
73.5
42.8
26.9
3.9
1.0
2017
Q4
3,559.7
2,052.8
1,649.1
134.9
94.2
39.5
1.2
243.0
25.9
1,309.1
1,303.9
5.2
122.9
31.4
84.6
72.8
11.8
6.8
73.8
43.8
27.0
2.9
4,196.3
1.1
4,200.5 4,258.3 4,323.2
973.4
978.7
981.0
997.0
2,703.4 2,693.1 2,734.5 2,773.1
2,095.4 2,109.1 2,127.4 2,146.5
2,074.0 2,087.4 2,105.5 2,124.2
21.4
21.7
21.9
22.2
608.0
584.0
607.1
626.7
562.8
542.4
562.9
573.6
45.2
41.6
44.3
53.1
460.7
471.2
481.5
493.4
351.7
358.2
362.2
368.5
109.0
113.0
119.2
124.9
58.8
57.5
61.4
59.6
-708.1
-726.4
-763.5
-327.8
-328.9
-329.2
-380.3
-397.5
-434.3
Q1
3,488.2
1,943.3
1,580.0
127.5
89.0
37.4
1.2
211.7
24.0
1,262.7
1,257.4
5.4
162.8
29.0
128.4
88.4
40.0
5.3
119.0
65.3
26.9
26.8
0.3
92.5
38.2
1.2
241.3
25.1
1,290.3
1,285.1
5.2
130.4
29.7
94.3
73.7
20.6
6.3
75.4
43.3
26.9
5.2
1.3
-739.5
-330.4
-409.1
1 of 3
2018
2018
Q1
Q2
3,512.8 3,554.6
1,979.0 2,016.0
1,597.1 1,607.0
150.5
156.1
107.6
108.0
41.7
46.9
1.2
1.2
206.5
227.2
24.9
25.7
1,328.9 1,338.6
1,323.6 1,333.2
5.3
5.3
120.0
114.7
35.9
2018
2018
Q3
Q4
3,638.1 3,642.1
2,043.2 2,079.7
1,625.5 1,630.1
163.3
185.4
109.3
112.2
52.7
71.9
1.3
1.3
229.0
237.2
25.5
26.9
1,355.1 1,363.4
1,349.7 1,358.0
5.4
5.4
130.7
127.9
37.5
38.1
2019
2019
2019
Q1
Q2
Q3
3,665.7 3,699.1 3,699.7
2,090.9 2,106.4 2,100.6
1,687.7 1,692.6 1,700.6
174.6
171.3
176.3
98.0
98.0
95.1
75.3
72.0
79.9
1.3
1.3
1.3
202.8
215.9
196.9
25.8
26.6
26.8
1,395.2 1,402.6 1,410.0
1,389.8 1,397.2 1,404.7
5.5
5.4
109.8
121.2
37.5
37.6
5.3
100.1
34.2
38.1
78.4
71.0
85.1
81.5
64.0
75.1
53.6
78.3
67.1
60.7
55.2
44.9
58.8
53.4
0.2
3.9
24.4
26.3
19.1
16.3
0.2
7.3
7.7
8.0
8.3
8.4
8.5
8.4
84.3
85.2
110.1
73.2
72.4
72.1
91.7
53.2
45.4
63.5
38.7
35.9
38.5
54.6
27.8
27.9
28.1
28.3
28.3
28.2
27.8
12.0
18.6
8.3
5.3
9.4
-3.1
3.3
6.3
0.6
0.1
-1.0
-2.1
4,399.0 4,459.3 4,518.6 4,599.7
1,014.6 1,030.5 1,049.4 1,057.4
2,818.7 2,839.0 2,858.8 2,890.7
2,193.2 2,206.1 2,224.3 2,247.3
2,170.8 2,183.4 2,201.3 2,224.3
22.4
23.0
643.4
-2.7
-2.8
4,693.9 4,751.4 4,787.3
1,070.2 1,096.5 1,103.5
2,971.4 3,004.9 3,019.3
2,326.9 2,343.1 2,358.0
2,303.4 2,319.4 2,333.8
23.5
23.7
24.3
644.5
661.8
661.2
22.7
23.0
625.5
632.9
634.5
581.2
579.5
581.7
587.8
592.4
615.5
610.4
44.3
53.3
52.8
55.6
46.3
50.8
52.1
583.8
507.6
532.2
553.1
573.7
591.6
584.0
376.9
396.9
413.2
430.0
435.5
442.2
437.3
130.8
135.3
139.9
143.7
146.7
58.1
57.7
57.3
-880.5
148.3
149.5
77.9
68.5
58.3
80.6
-957.6 -1,028.2 -1,052.3 -1,087.6
-372.4 -395.6 -407.1
-886.3
-904.8
-343.1
-350.3
-355.9
-416.4
-543.2
-554.5
-524.6
-585.3
-632.5
-645.1
-671.2
2019
Q4
3,760.5
2,156.4
1,726.4
176.9
91.9
83.8
1.3
226.2
26.8
1,429.0
1,423.7
5.2
108.6
37.7
62.6
62.4
0.2
8.3
68.4
35.5
27.0
5.9
-1.8
4,801.5
1,109.0
3,040.7
2,370.8
2,346.4
24.5
669.8
617.5
52.3
569.8
430.9
138.9
82.1
-1,041.0
-411.5
-629.5
Transcribed Image Text:Table 3.2. Federal Government Current Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates Last Revised on: August 30, 2023 - Next Release Date September 28, 2023 2017 Line 1 2 Current tax receipts 3 Current receipts 5 6 7 Personal current taxes 1 Taxes on production and imports2 Excise taxes Customs duties Other Taxes on corporate income Taxes from the rest of the world Contributions for government social insurance From persons From the rest of the world3 9 10 11 12 13 Income receipts on assets 14 Interest receipts4 15 Dividends 16 17 18 Rents and royalties5 19 Current transfer receipts 20 From business 21 22 23 Current surplus of government enterprises7 24 Current expenditures Federal Reserve banks Other From persons From the rest of the world6 25 Consumption expenditures 26 Current transfer payments 27 28 29 Government social benefits 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 30 31 32 33 Interest payments4 34 35 36 Subsidies7 37 38 Social insurance funds 39 Other To persons and business4 To the rest of the world Net federal government saving Addenda: 2017 Q2 3,474.1 1,982.0 2017 Q3 3,518.8 2,021.4 1,600.1 1,623.2 131.7 131.9 91.5 39.0 1.2 225.4 24.8 1,275.1 1,269.9 5.2 142.4 29.1 107.5 87.2 20.2 5.8 73.5 42.8 26.9 3.9 1.0 2017 Q4 3,559.7 2,052.8 1,649.1 134.9 94.2 39.5 1.2 243.0 25.9 1,309.1 1,303.9 5.2 122.9 31.4 84.6 72.8 11.8 6.8 73.8 43.8 27.0 2.9 4,196.3 1.1 4,200.5 4,258.3 4,323.2 973.4 978.7 981.0 997.0 2,703.4 2,693.1 2,734.5 2,773.1 2,095.4 2,109.1 2,127.4 2,146.5 2,074.0 2,087.4 2,105.5 2,124.2 21.4 21.7 21.9 22.2 608.0 584.0 607.1 626.7 562.8 542.4 562.9 573.6 45.2 41.6 44.3 53.1 460.7 471.2 481.5 493.4 351.7 358.2 362.2 368.5 109.0 113.0 119.2 124.9 58.8 57.5 61.4 59.6 -708.1 -726.4 -763.5 -327.8 -328.9 -329.2 -380.3 -397.5 -434.3 Q1 3,488.2 1,943.3 1,580.0 127.5 89.0 37.4 1.2 211.7 24.0 1,262.7 1,257.4 5.4 162.8 29.0 128.4 88.4 40.0 5.3 119.0 65.3 26.9 26.8 0.3 92.5 38.2 1.2 241.3 25.1 1,290.3 1,285.1 5.2 130.4 29.7 94.3 73.7 20.6 6.3 75.4 43.3 26.9 5.2 1.3 -739.5 -330.4 -409.1 1 of 3 2018 2018 Q1 Q2 3,512.8 3,554.6 1,979.0 2,016.0 1,597.1 1,607.0 150.5 156.1 107.6 108.0 41.7 46.9 1.2 1.2 206.5 227.2 24.9 25.7 1,328.9 1,338.6 1,323.6 1,333.2 5.3 5.3 120.0 114.7 35.9 2018 2018 Q3 Q4 3,638.1 3,642.1 2,043.2 2,079.7 1,625.5 1,630.1 163.3 185.4 109.3 112.2 52.7 71.9 1.3 1.3 229.0 237.2 25.5 26.9 1,355.1 1,363.4 1,349.7 1,358.0 5.4 5.4 130.7 127.9 37.5 38.1 2019 2019 2019 Q1 Q2 Q3 3,665.7 3,699.1 3,699.7 2,090.9 2,106.4 2,100.6 1,687.7 1,692.6 1,700.6 174.6 171.3 176.3 98.0 98.0 95.1 75.3 72.0 79.9 1.3 1.3 1.3 202.8 215.9 196.9 25.8 26.6 26.8 1,395.2 1,402.6 1,410.0 1,389.8 1,397.2 1,404.7 5.5 5.4 109.8 121.2 37.5 37.6 5.3 100.1 34.2 38.1 78.4 71.0 85.1 81.5 64.0 75.1 53.6 78.3 67.1 60.7 55.2 44.9 58.8 53.4 0.2 3.9 24.4 26.3 19.1 16.3 0.2 7.3 7.7 8.0 8.3 8.4 8.5 8.4 84.3 85.2 110.1 73.2 72.4 72.1 91.7 53.2 45.4 63.5 38.7 35.9 38.5 54.6 27.8 27.9 28.1 28.3 28.3 28.2 27.8 12.0 18.6 8.3 5.3 9.4 -3.1 3.3 6.3 0.6 0.1 -1.0 -2.1 4,399.0 4,459.3 4,518.6 4,599.7 1,014.6 1,030.5 1,049.4 1,057.4 2,818.7 2,839.0 2,858.8 2,890.7 2,193.2 2,206.1 2,224.3 2,247.3 2,170.8 2,183.4 2,201.3 2,224.3 22.4 23.0 643.4 -2.7 -2.8 4,693.9 4,751.4 4,787.3 1,070.2 1,096.5 1,103.5 2,971.4 3,004.9 3,019.3 2,326.9 2,343.1 2,358.0 2,303.4 2,319.4 2,333.8 23.5 23.7 24.3 644.5 661.8 661.2 22.7 23.0 625.5 632.9 634.5 581.2 579.5 581.7 587.8 592.4 615.5 610.4 44.3 53.3 52.8 55.6 46.3 50.8 52.1 583.8 507.6 532.2 553.1 573.7 591.6 584.0 376.9 396.9 413.2 430.0 435.5 442.2 437.3 130.8 135.3 139.9 143.7 146.7 58.1 57.7 57.3 -880.5 148.3 149.5 77.9 68.5 58.3 80.6 -957.6 -1,028.2 -1,052.3 -1,087.6 -372.4 -395.6 -407.1 -886.3 -904.8 -343.1 -350.3 -355.9 -416.4 -543.2 -554.5 -524.6 -585.3 -632.5 -645.1 -671.2 2019 Q4 3,760.5 2,156.4 1,726.4 176.9 91.9 83.8 1.3 226.2 26.8 1,429.0 1,423.7 5.2 108.6 37.7 62.6 62.4 0.2 8.3 68.4 35.5 27.0 5.9 -1.8 4,801.5 1,109.0 3,040.7 2,370.8 2,346.4 24.5 669.8 617.5 52.3 569.8 430.9 138.9 82.1 -1,041.0 -411.5 -629.5
40
41
42
43
44
45
46
47
48
49
Total receipts
Current receipts
Capital transfer receipts
Total expenditures
Current expenditures
Gross government investment
Capital transfer payments
Net purchases of nonproduced assets
Less: Consumption of fixed capital
Net lending or net borrowing (-)
3,510.3 3,497.0 3,542.0
3,488.2 3,474.1 3,518.8
22.1
22.8
23.2
4,279.4 4,288.8 4,370.6
4,196.3 4,200.5 4,258.3
272.9
278.4
279.6
85.5
116.5
84.3
-0.6
-0.6
-7.4
273.4
276.5
-769.2
-828.6
275.0
-791.8
4,516.9 3,536.8 3,578.2 3,660.6 3,662.6 3,683.7
3,559.7 3,512.8 3,554.6 3,638.1 3,642.1 3,665.7
957.2
24.0
23.7
22.5
20.5
18.0
4,413.9 4,488.2 4,556.7 4,618.6 4,703.1 4,804.5
4,323.2 4,399.0 4,459.3 4,518.6 4,599.7 4,693.9
288.6
291.5
295.7
301.8
310.9
322.8
81.0
79.0
86.3
85.1
82.9
85.9
-0.3
-0.4
-0.4
-2.0
281.0
284.3
286.5
288.3
-978.4 -958.0 -1,040.5
-0.4
278.5
103.0
-951.4
2 of 3
3,714.9 3,715.2
3,699.1 3,699.7
15.8
15.4
4,844.6 4,895.3
4,751.4 4,787.3
308.6
322.2
78.8
82.2
-6.4
-1.8
-1.7
291.7
292.4
294.7
-1,120.8 -1,129.7 -1,180.1
3,776.0
3,760.5
15.5
4,967.0
4,801.5
328.7
133.9
-0.4
296.7
-1,191.0
Transcribed Image Text:40 41 42 43 44 45 46 47 48 49 Total receipts Current receipts Capital transfer receipts Total expenditures Current expenditures Gross government investment Capital transfer payments Net purchases of nonproduced assets Less: Consumption of fixed capital Net lending or net borrowing (-) 3,510.3 3,497.0 3,542.0 3,488.2 3,474.1 3,518.8 22.1 22.8 23.2 4,279.4 4,288.8 4,370.6 4,196.3 4,200.5 4,258.3 272.9 278.4 279.6 85.5 116.5 84.3 -0.6 -0.6 -7.4 273.4 276.5 -769.2 -828.6 275.0 -791.8 4,516.9 3,536.8 3,578.2 3,660.6 3,662.6 3,683.7 3,559.7 3,512.8 3,554.6 3,638.1 3,642.1 3,665.7 957.2 24.0 23.7 22.5 20.5 18.0 4,413.9 4,488.2 4,556.7 4,618.6 4,703.1 4,804.5 4,323.2 4,399.0 4,459.3 4,518.6 4,599.7 4,693.9 288.6 291.5 295.7 301.8 310.9 322.8 81.0 79.0 86.3 85.1 82.9 85.9 -0.3 -0.4 -0.4 -2.0 281.0 284.3 286.5 288.3 -978.4 -958.0 -1,040.5 -0.4 278.5 103.0 -951.4 2 of 3 3,714.9 3,715.2 3,699.1 3,699.7 15.8 15.4 4,844.6 4,895.3 4,751.4 4,787.3 308.6 322.2 78.8 82.2 -6.4 -1.8 -1.7 291.7 292.4 294.7 -1,120.8 -1,129.7 -1,180.1 3,776.0 3,760.5 15.5 4,967.0 4,801.5 328.7 133.9 -0.4 296.7 -1,191.0
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