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pls see attached If the government expenditure is 30 and the net tax rate is t = 0.2: a) Compute the following table: Y NT

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If the government expenditure is 30 and the net tax rate is t = 0.2: a) Compute the following table: Y NT = tY G BB = NT - G 100 0 200 0 300 O 400 0 500 600 700 ooo ooooooo ooooooo b) On the following graph plot government expenditure and the net tax functions: Net tax revenue Net tax revenue Government expenditure 140+ NT, G 80- 60 40 20- 100 200 300 400 500 600 700 Reset c) Given Yp = 400 on the following graph plot the BB and SBB curve, as well as Yp:c) Given Yp = 400 on the following graph plot the BB and SBB curve, as well as Yp: Actual Balance Actual Balance Structural Balance Potential Output Budget Balance (0,-40) 100 200 300 400 500 600 700 800 Reset Y d) Complete the following statement: Given the values of government expenditure and tax rate, if Y falls below Yp. BB will (select one) and SBB will (select one)

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