Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Inflation and Per Capita Based on the table below, could someone please show me how to figure out the below questions? Thanks ININCTAX State Government

Inflation and Per Capita

Based on the table below, could someone please show me how to figure out the below questions? Thanks

ININCTAX

State Government Tax Collections, Individual Income Taxes in Indiana, Thousands of Dollars, Annual, Not Seasonally Adjusted

INPOP

Resident Population in Indiana, Thousands of Persons, Annual, Not Seasonally Adjusted

CPIAUCSL

Consumer Price Index for All Urban Consumers: All Items, Index 1982-1984=100, Annual, Seasonally Adjusted

image text in transcribed

1. What was the percentage increase in total individual income tax collections from 2000 to 2015?

2. How much were per capita individual income tax collections in 2000 and 2015?

3. What was the percentage increase in per capita individual income tax collections from 2000 to 2015?

4. How much were per capita individual income tax collections in 2000 if we adjust the value for inflation using 2015 as the base year?

5. What was the percentage increase in inflation adjusted per capita individual income tax collections from 2000 to 2015?

Frequency: Annual observation_date 1996-01-01 1997-01-01 1998-01-01 1999-01-01 2000-01-01 2001-01-01 2002-01-01 2003-01-01 2004-01-01 2005-01-01 2006-01-01 2007-01-01 2008-01-01 2009-01-01 2010-01-01 2011-01-01 2012-01-01 2013-01-01 2014-01-01 2015-01-01 2016-01-01 ININCTAX 3477970 3750826 3433446 3699316 3753339 3779805 3540819 3644159 3807861 4213480 4381548 4615605 4837524 4313759 3868093 4583977 4765467 4972810 4896317 5232976 INPOP CPIAUCSL 5834.908 h 156.858 5872.370 160.525 5907.617 163.008 5942.901 166.583 6091.866 172.192 6127.760 177.042 6155.967 179.867 6196.638 184.000 6233.007 188.908 6278.616 195.267 6332.669 201.558 6379.599 207.344 6424.806 215.254 6459.325 214.565 6490.528 218.076 6516.480 224.923 6537.743 229.586 6569.102 232.949 6595.233 236.704 6612.768 236.987 6633.053 240.009

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information Technology Auditing An Evolving Agenda

Authors: Jagdish Pathak

1st Edition

3642060579, 978-3642060571

More Books

Students also viewed these Accounting questions