Has the Tax Act increased or decreased the deficit and approximately by how much. What was...
Has the Tax Act increased or decreased the deficit and approximately by how much. What was is supposed to do. Was the Tax Act based on supply side economic theory.
Homework Answers
Tax Act has led to a fall in the tax rate. Thus, government revenue has declined substantially, and it would cause a rise in the budget deficit. Or when expenditure stays the same but revenue falls, there will be a rise in the budget deficit of the government.
it is estimated that the tax cut is likely to increase the deficit by $ 1 trillion over the next 10 years.
The tax act is based on the supply-side economic theory. The decline in the tax will cause a rise in investment incentives. Profitability will rise if tax rates are low. Supply side economic stresses on the increase in the supply in economy. Tax incentives encourages the more output and it helps to avert the potential fall in employments.
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Has the Tax Act increased or decreased the deficit and
approximately by how much. What was...
What exported goods increased and what decreased? How might that be explained? This is entire question...
What exported goods increased
and what decreased? How might that be explained?
This is entire question I broke it down into different
questions.
Did the trade deficit increase of decrease for the current
period? For the year so far? Which exported services increased in
the latest period? Which decreased? What might explain those
changes? What exported goods increased? What decreased? How might
that be explained?
U.S. International Trade in Goods and Services, October 2018 Goods and Services Trade Deficit Seasonally...
How much will the buyer pay for the product after the tax is imposed? How much will the seller receive after the tax i...
How much will the buyer pay for the product after the
tax is imposed?
How much will the seller receive after the tax is
imposed?
As a result of the tax, what has happened to the level
of output?
Calculate the economic welfare after government imposes
a tax of $5 per unit on buyers.
Total Surplus
Government Revenue
DWL
Producer Surplus
Supply Demand 10 20 30 40 50 60 70 80 Quantity
There has been discussion about whether the Tax Cuts and Jobs Act that took effect in...
There has been discussion about whether the Tax Cuts and Jobs Act that took effect in 2018 will increase tax revenue. Tax revenue can be thought of an as average tax rate multiplied by taxable income. If the average tax rate falls while taxable income stays the same, tax revenue will fall. But what if the tax cuts increase taxable income? Both of the major schools of thought in macroeconomics (Keynesians and Neoclassicals) believe that tax cuts increase economic growth....
Both questions 6 and 7 Quantity supplied has decreased Demand has decreased. O Demand has increased...
Both questions 6 and 7
Quantity supplied has decreased Demand has decreased. O Demand has increased Supply has increased. Supply has decreased. QUESTION 6 Assume that the market for Good X is defined as follows: Q0 64-16P and Qs 16P- 8. What is the equilibrium price and output? s2.25, 28 $2.16 s2.75, 36 $4,48 $4,16 QUESTION 7 Assume that the market for Good X is defined as follows: QD-64-16P and QS-16P-8. What is consumer surplus in this market? O $40.50...
Part 1. What was the equilibrium price in this market before the tax? What is the amount of the tax? How much of the t...
Part 1.
What was the equilibrium price in this market before the
tax?
What is the amount of the tax?
How much of the tax will the buyers pay?
How much of the tax will the sellers pay?
How much will the buyer pay for the product after the tax is
imposed?
How much will the seller receive after the tax is imposed?
As a result of the tax, what has happened to the level of
output?
Calculate the economic...
** LUIE detination Fiscal policy Budget deficit Budget surplus National Debt Marginal Tax Rate Progressive tax...
** LUIE detination Fiscal policy Budget deficit Budget surplus National Debt Marginal Tax Rate Progressive tax Regressive tax Deficit Dove Deficit Hawk Automatic Stabilizers Laffer curve 1. Use the loanable funds model to explain why classicals argue that government deficits crowd out private spending. Explain why Keynesians argue that government deficits crowd in private spending. 2. Explain the logic behind "trickle down economics" (i.e the supply-side argument in favor of cutting taxes on the wealthy). Explain why Keynesians don't believe...
how the Sublimation of snow packs due to increased temperature has also led to decreased flow...
how the Sublimation of snow packs due to increased temperature has also led to decreased flow of water in Colorado river.
There has been a change in the market (represented below). The change is represented by the...
There has been a change in the market (represented below). The change is represented by the following two equations. Circle the one correct conclusion that describes the market change. Q = 90 + 6.2P and Q = 110 – 4.6P (need answered) Change in Market-Approximately what will suppliers willingly supply if the government controls the market price to be $3.00 (You must first find the market equilibrium price and quantity in order to see how the $3.00 relates to...
The following table contains ACT scores and the GPA (grade point average) for eight college students.
4. The following table contains ACT scores and the GPA (grade point average) for eight college students. Grade point average is based on a four-point scale and has been rounded to one digit after the decimal: a. Estimate the relationship between GPA and ACT using OLS; that is, obtain the intercept and slope estimates in the equation Comment on the direction of the relationship. Does the intercept have a useful interpretation here? Explain. How much higher is the GPA predicted to be...
3. To maintain IR exposure, how much? (1 point) if KCR is increased by 15%, what change(s) should be made and by 4....
3. To maintain IR exposure, how much? (1 point) if KCR is increased by 15%, what change(s) should be made and by 4. To maintain IR exposure, ifXpls decreased by 15%, what change(s) should be made and by how much? (1 point) An image was made using 75 kVp and 12 mAs to produce optimal IR exposure. What new set of exposure factors would produce the same IR exposure but with a 15%ncrease in kVp? (1 point) 5.
3. To...
What exported goods increased
and what decreased? How might that be explained?
This is entire question I broke it down into different
questions.
Did the trade deficit increase of decrease for the current
period? For the year so far? Which exported services increased in
the latest period? Which decreased? What might explain those
changes? What exported goods increased? What decreased? How might
that be explained?
U.S. International Trade in Goods and Services, October 2018 Goods and Services Trade Deficit Seasonally...
How much will the buyer pay for the product after the
tax is imposed?
How much will the seller receive after the tax is
imposed?
As a result of the tax, what has happened to the level
of output?
Calculate the economic welfare after government imposes
a tax of $5 per unit on buyers.
Total Surplus
Government Revenue
DWL
Producer Surplus
Supply Demand 10 20 30 40 50 60 70 80 Quantity
Both questions 6 and 7
Quantity supplied has decreased Demand has decreased. O Demand has increased Supply has increased. Supply has decreased. QUESTION 6 Assume that the market for Good X is defined as follows: Q0 64-16P and Qs 16P- 8. What is the equilibrium price and output? s2.25, 28 $2.16 s2.75, 36 $4,48 $4,16 QUESTION 7 Assume that the market for Good X is defined as follows: QD-64-16P and QS-16P-8. What is consumer surplus in this market? O $40.50...
Part 1.
What was the equilibrium price in this market before the
tax?
What is the amount of the tax?
How much of the tax will the buyers pay?
How much of the tax will the sellers pay?
How much will the buyer pay for the product after the tax is
imposed?
How much will the seller receive after the tax is imposed?
As a result of the tax, what has happened to the level of
output?
Calculate the economic...
** LUIE detination Fiscal policy Budget deficit Budget surplus National Debt Marginal Tax Rate Progressive tax Regressive tax Deficit Dove Deficit Hawk Automatic Stabilizers Laffer curve 1. Use the loanable funds model to explain why classicals argue that government deficits crowd out private spending. Explain why Keynesians argue that government deficits crowd in private spending. 2. Explain the logic behind "trickle down economics" (i.e the supply-side argument in favor of cutting taxes on the wealthy). Explain why Keynesians don't believe...
4. The following table contains ACT scores and the GPA (grade point average) for eight college students. Grade point average is based on a four-point scale and has been rounded to one digit after the decimal: a. Estimate the relationship between GPA and ACT using OLS; that is, obtain the intercept and slope estimates in the equation Comment on the direction of the relationship. Does the intercept have a useful interpretation here? Explain. How much higher is the GPA predicted to be...
3. To maintain IR exposure, how much? (1 point) if KCR is increased by 15%, what change(s) should be made and by 4. To maintain IR exposure, ifXpls decreased by 15%, what change(s) should be made and by how much? (1 point) An image was made using 75 kVp and 12 mAs to produce optimal IR exposure. What new set of exposure factors would produce the same IR exposure but with a 15%ncrease in kVp? (1 point) 5.
3. To...
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