The government of Osiris believes in balancing its budget over a sevenyear cycle. Over the rst six yea rs, it has maintained its spending at $360 billion and its MTR at 0.25. [There are no autonomous taxes in Osiris]. Column 2 ofthe table below shows the level of GDP in each ofthe rst six years in the cycle. a. Complete the table below. Round your answers to nearest whole number. (2) (3) (4) [1) (DP Tax Revenue Government Spending (5) Year $ billion $billian $bi11ion DeficitJSur-lus -_--_- -_--_- -_--_- --_---- -_--_- -_--_- Suppose that the estimated level of GDP in Year 7" is projected to be $1,400. b. What level of government spending (assuming no change in the tax rate) for the government of Osiris to end the sevenyear cycle with its budgetaryr goal on target? Government spending would have to be 5% c. Alternatively, what should the new tax rate be (assuming no change in government spending} for the government of Ran to end the sevenyear cycle with its budgetary goal on target? Round your answer to 2 decimal places. Tax rate should be changed to 96