Question
(Similar to Basic Problem 1-3 and with reference to Table 7.8 on page 318) Use the data provided to help you answer the following questions.
(Similar to Basic Problem 1-3 and with reference to Table 7.8 on page 318) Use the data provided to help you answer the following questions. It shows the revenue and spending of the Canadian federal government for a chosen fiscal year. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. (Corrections to table 7.8 - Total Outlays 211.0, thus Projected Budget Plan Surplus 11.2) (All answers to one decimal place.) a) What are the projected NTR's in this budget plan? b) What is the value of NTR less government spending on goods and services (G)? c) What percentage of total revenue are personal income taxes? d) What percentage of total revenue are corporate income taxes? e) What percentage of total outlays are transfer payments to persons? f) What percentage of total outlays are public debt charges?
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