Question: Page El/1102-Spring 2018-Final Page 11 of 19 Page Name: (c) (2 pts) Use the numbers from the previous point. What is the total revenue generated

El/1102-Spring 2018-Final Page 11 of 19 Page Name: (c) (2 pts) Use the numbers from the previous point. What is the total revenue generated

by labor income tax? (d) (3 pts) Now. suppose Smallville has a

social security system which pays unemployment benefits of $10,000 per person and

Page

El/1102-Spring 2018-Final Page 11 of 19 Page Name: (c) (2 pts) Use the numbers from the previous point. What is the total revenue generated by labor income tax? (d) (3 pts) Now. suppose Smallville has a social security system which pays unemployment benefits of $10,000 per person and retirement benefits of $15,000 per person. Moreover. it costs $80,000 to pay for Smallville army. What is the government spending? What is the budget balance? IOI > of20 prtSc

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