The table below shows hypothetical figures of revenue and spending for the Canadian government For simplicity,...

  

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The table below shows hypothetical 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) OUTLAYS Transfers to persons Spending grants to other levels of government Public debt charges Direct program spending Total Outlays Projected Budget Plan Surplus REVENUES Personal income taxes Corporate income taxes Other income taxes GST and excise taxes El premiums Other revenues Total Revenues $90 40 8 46 10 15 209 $35 32 24 110 201 COM a. What is the projected NTR in this budget plan? b. What is the value of NTR less government spending on goods and services (G)? Round your answers to 1 decimal place for a & b. c. What is the percentage of total revenue made up by personal income taxes? d. What is the percentage of total revenue made up by corporate income taxes? e. What is the percentage of total outlays made up by transfer payments to persons? f. What is the percentage of total outlays made up by public debt charges? %. %. %. %. The table below shows hypothetical figures of revenue and spending for the Canadian government For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS Transfers to persons Spending grants to other levels of government Public debt charges Direct program spending Total Outlays Projected Budget Plan Surplus REVENUES Personal income taxes Corporate income taxes Other income taxes GST and excise taxes El premiums Other revenues Total Revenues $90 40 8 46 10 15 209 $35 32 24 110 201 COM a. What is the projected NTR in this budget plan? b. What is the value of NTR less government spending on goods and services (G)? Round your answers to 1 decimal place for a & b. c. What is the percentage of total revenue made up by personal income taxes? d. What is the percentage of total revenue made up by corporate income taxes? e. What is the percentage of total outlays made up by transfer payments to persons? f. What is the percentage of total outlays made up by public debt charges? %. %. %. %.

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