Assignment 6 Question 2A

The nominal GDP in the country of Adra is currently $700 million. Production in Adra is unaffected by changes in tax rates until the rate hits 30%. At the rate of 30% and for every 5% increase in the tax rate, the GDP drops by $42 million.

A) What are the GDP and Tax Revenue for 5% Tax Rate

Table 12.2

% Tax Rate	GDP	Tax Revenue
0	$700	0
5	G1	T1
10	G2	T2
15	G3	T3
20	G4	T4
25	G5	T5
30	G6	T6
35	G7	T7
40	G8	T8
45	G9	T9
50	G10	T10
55	G11	T11
60	G12	T12
65	G13	T13
70	G14	T14

Select one:

a.

G1-700, T1-25

b.

G1-700, T1-35

c.

G1-700, T1-75

d.

G1-650, T1-33

Assignment 6 Question 2A

The nominal GDP in the country of Adra is currently $700 million. Production in Adra is unaffected by changes in tax rates until the rate hits 30%. At the rate of 30% and for every 5% increase in the tax rate, the GDP drops by $42 million.

A) What are the GDP and Tax Revenue for 15% Tax Rate

Table 12.2

% Tax Rate	GDP	Tax Revenue
0	$700	0
5	G1	T1
10	G2	T2
15	G3	T3
20	G4	T4
25	G5	T5
30	G6	T6
35	G7	T7
40	G8	T8
45	G9	T9
50	G10	T10
55	G11	T11
60	G12	T12
65	G13	T13
70	G14	T14

Select one:

a.

G3-650, T3-98

b.

G3-700, T3-100

c.

G3-700, T3-70

d.

G3-700, T3-105

Assignment 6 Question 2A

The nominal GDP in the country of Adra is currently $700 million. Production in Adra is unaffected by changes in tax rates until the rate hits 30%. At the rate of 30% and for every 5% increase in the tax rate, the GDP drops by $42 million.

A) What are the GDP and Tax Revenue for 25% Tax Rate

Table 12.2

% Tax Rate	GDP	Tax Revenue
0	$700	0
5	G1	T1
10	G2	T2
15	G3	T3
20	G4	T4
25	G5	T5
30	G6	T6
35	G7	T7
40	G8	T8
45	G9	T9
50	G10	T10
55	G11	T11
60	G12	T12
65	G13	T13
70	G14	T14

Select one:

a.

G5-700, T5-163

b.

G5-700, T5-100

c.

G5-700, T5-175

d.

G5-700, T5-80

Assignment 6 Question 2A

The nominal GDP in the country of Adra is currently $700 million. Production in Adra is unaffected by changes in tax rates until the rate hits 30%. At the rate of 30% and for every 5% increase in the tax rate, the GDP drops by $42 million.

A) What are the GDP and Tax Revenue for 40% Tax Rate

Table 12.2

% Tax Rate	GDP	Tax Revenue
0	$700	0
5	G1	T1
10	G2	T2
15	G3	T3
20	G4	T4
25	G5	T5
30	G6	T6
35	G7	T7
40	G8	T8
45	G9	T9
50	G10	T10
55	G11	T11
60	G12	T12
65	G13	T13
70	G14	T14

Select one:

a.

G8-700, T8-230

b.

G8-554, T8-222

c.

G8-574, T8-230

d.

G8-574, T8-205