20
2020
Q.2.4
Calculate the tax revenue to the government of this country when the econ...
Business, 26.11.2020 16:00 nickname0097
20
2020
Q.2.4
Calculate the tax revenue to the government of this country when the economy
remains in equilibrium.
(2)
Q.2.5
(6)
Calculate what the new equilibrium income should be if the government of this
country decides to cancel all taxes, implying the tax rate would now be 0%.
Q.2.6
(4)
Before the government decreased the tax rate, how much of government
spending was required to bring the economy to full employment?
Answers: 3
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