$45 48 31 70 194 32 The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services Federal Government's Budget Plan for Fiscal Year (billion) REVENUES OUTLAYS Personal income taxes $110 Transfers to persons Corporate income taxes 24 Spending grants to other levels of government Other Income taxes 1 Public debt charges GST and excise taxes 50 Direct program spending El premiums 18 Total Outlays other revenues 23 Projected Budget Plan Surplus Total Revenues 226 a. The projected NTR in this budget plan is $ billion b. The value of NTR less government spending on goods and services (G) is $ billion Round your answers to 1 decimal place. c. The percentage of total revenue made up by personal income taxes is % d. The percentage of total revenue made up by corporate income taxes is e. The percentage of total outlays made up by transfer payments to persons is % 1. The percentage of total outlays made up by public debt charges is %6 1 The aggregate demand and supply for Cancum are shown in the table below. Potential GDP (LAS) is $800 billion Price Index Aggregate Quantity Supplied 200 350 105 110 115 120 125 130 135 Aggregate Quantity Demanded 900 800 700 600 500 400 300 200 500 600 700 800 900 950 140 120 a. If the economy is in equilibrium, It experiencing an) Inflationary gap of $ b. Suppose government uses countercyclical fiscal policy to close the gap. In order to achieve full employment AD would have to by $100 c. As a result of this change, the inflation rate would be 2%. Round your answer to 2 decimal places. increase