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

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 $40 million.

A) What are the GDP and Tax Revenue for 45% 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.

G9-522, T9-239

b.

G9-532, T9-246

c.

G9-532, T9-239

d.

G9-532, T9-245

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 $40 million.

A) What are the GDP and Tax Revenue for 50% 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.

G10-490, T10-245

b.

G10-362, T10-253

c.

G10-280, T10-168

d.

G10-426, T10-256