QUESTION 5 In preparation for the Brisbane 2032 Olympics the Queensland Government is planning to upgrade the railway system connecting Brisbane and Gold Coast This project will benet all residents in Brisbane and Gold Coast. It is estimated that the upgrade will cost 355 million dollars The Queensland Government has agreed to cover 40% of the cost while Brisbane City Council and Gold Coast City Council will cover 30% each Answer the following questions a. Gold Coast City Council is looking to raise funds by collecting a specied portion of every Gold Coast residents' income This is an example of l3 Tax. Type H for Head P for Proponional or G for Progressive. :3. Brisbane City Council is looking to raise its funds via a head tax from the 3 5 million residents in Brisbane How much would each resident have to page7 $ 30 nearest whole dollar (with no decimal points) Answer to the c. Forthe project to be a worthwhile expenditure for the Queensland Government: the marginal benet of the project must be equal to or greater than 8 142000000 million