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year 0 year 7 Global economic growth forecast 2.4 2.0 consumer confidence index 100.0 100.6 interest rate 3.0 3.0 income tax rate 24.0 25.0 corporate

year 0 year 7

Global economic growth forecast 2.4 2.0

consumer confidence index 100.0 100.6

interest rate 3.0 3.0

income tax rate 24.0 25.0

corporate tax rate 30.0 35.0

government expenditure us (in billions) 30.0 35.0

Real GDP growth % 2.5 2.0

Unemployment rate % 5.0 4.6

Inflation rate % 2.0 2.2

budget surplus (deficit)as % of GDP -3.0 -4.9

Based on the changes I made from year 0 to year 7 what effect did the corporate and income tax rate changes made have on consumption and investment?

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