Use the table to answer the question below. The success of a stimulus program can be measured by faster GDP growth and the number of jobs created in its wake. The Congressional Budget Office (CBO) estimated that the 2017 tax cuts had significant effects. Source: Congressional Budget Office (April 2018). 2018 2019 2020 2021 2022 Real GDP acceleration (%) 0.3 0.6 0.8 0.9 1.0 Increase in employment (%) 0.2 0.5 0.6 0.7 0.7 According to CBO estimates shown in the table, how many jobs were created in 2018 and 2019 by the 2017 tax cuts? (Assume initial employment of 160 million.) Instructions: Enter your responses as a whole number. 2018:| ]jobs 2019: ]jobs
Use the table to answer the question below. The success of a stimulus program can be measured by faster GDP growth and the number of jobs created in its wake. The Congressional Budget Office (CBO) estimated that the 2017 tax cuts had significant effects. Source: Congressional Budget Office (April 2018). 2018 2019 2020 2021 2022 Real GDP acceleration (%) 0.3 0.6 0.8 0.9 1.0 Increase in employment (%) 0.2 0.5 0.6 0.7 0.7 According to CBO estimates shown in the table, how many jobs were created in 2018 and 2019 by the 2017 tax cuts? (Assume initial employment of 160 million.) Instructions: Enter your responses as a whole number. 2018:| ]jobs 2019: ]jobs
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Use the table to answer the question below.
The success of a stimulus program can be measured by faster GDP growth and the
number of jobs created in its wake. The Congressional Budget Office (CBO) estimated
that the 2017 tax cuts had significant effects.
Source: Congressional Budget Office (April 2018).
2018
2019
2020
2021
2022
Real GDP acceleration (%)
0.3
0.6
0.8
0.9
1.0
Increase in employment (%)
0.2
0.5
0.6
0.7
0.7
According to CBO estimates shown in the table, how many jobs were created in 2018 and 2019 by the 2017 tax cuts? (Assume initial
employment of 160 million.)
Instructions: Enter your responses as a whole number.
2018:
]jobs
2019:
]jobs](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd960bb05-f8e9-458e-8dc8-ba896c5de05d%2F1c48df67-7aac-4b36-8f13-4a5dfb151e63%2Fkmeqg5c_processed.png&w=3840&q=75)
Transcribed Image Text:Use the table to answer the question below.
The success of a stimulus program can be measured by faster GDP growth and the
number of jobs created in its wake. The Congressional Budget Office (CBO) estimated
that the 2017 tax cuts had significant effects.
Source: Congressional Budget Office (April 2018).
2018
2019
2020
2021
2022
Real GDP acceleration (%)
0.3
0.6
0.8
0.9
1.0
Increase in employment (%)
0.2
0.5
0.6
0.7
0.7
According to CBO estimates shown in the table, how many jobs were created in 2018 and 2019 by the 2017 tax cuts? (Assume initial
employment of 160 million.)
Instructions: Enter your responses as a whole number.
2018:
]jobs
2019:
]jobs
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