The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity,...
The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services.
| Federal Government's Budget Plan for Fiscal Year ($billion) | ||||
| REVENUES | OUTLAYS | |||
| Personal income taxes | $110 | Transfers to persons | $45 | |
| Corporate income taxes | 24 | Spending grants to other levels of government | 48 | |
| Other income taxes | 1 | Public debt charges | 31 | |
| GST and excise taxes | 50 | Direct program spending | 70 | |
| EI premiums | 18 | Total Outlays | 194 | |
| Other revenues | 23 | Projected Budget Plan Surplus | 32 | |
| Total Revenues | 226 | |||
a. The projected NTR in this budget plan is
$ billion.
b. The value of NTR less government spending on goods and services
(G) is $ billion.
Round your answers to 1 decimal place.
c. The percentage of total revenue made up by personal income taxes
is %.
d. The percentage of total revenue made up by corporate income
taxes is %.
e. The percentage of total outlays made up by transfer payments to
persons is %.
f. The percentage of total outlays made up by public debt charges
is %.
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got some of the parts correct I think. Thanks.
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