1. (Similar to Chapter 12 Basic Problem 1. on page 515 of the 10^th edition and page 461 of the 9^th edition)

The nominal GDP in the country of Adra is currently $700 million. Production in Adra is unaffected by changes in tax rates until the rate hits 30%. At the rate of 30% and for every 5% increase in the tax rate, the GDP drops by $42 million.

1. Complete the following table:

TABLE 1

% Tax Rate	GDP	Tax Revenue
0	$700	0
5
10
15
20
25
30
35
40
45
50
55
60
65
70