1. Given the following information, what can you say about the US's budget? 2. 2022 US Federal Income Tax Brackets and Rates for Single Filers a) What type of taxes do we have in the US? b) If a single taxpayer earns $150,600 annually, what is his or her marginal tax rate and tax amount? 3. Graphically represent the changes in the financial market because of an increase in the us budget deficit. 4. The graphs below show the AD-AS diagram for the US. Graph A a) What type of the GDP Bap is observed in the graph A? b) What type of the GDP gap is observed in the graph B? c) What type of fiscal policy should the government of the us be inplenenting to bring the economy to the long-run equilibrium? For A For B d) For A, only 50% of the additional income was spent (MPC=8.50) and government expenditure increased by 100 million. Calculate expenditure multiplier and changes in total output in the economy. erc 45 e) For B, suppose that the government expenditure multiplier equals to 6 . By how much should the government decrease government expenditures (G) in order to close the gap