The following table shows the composition of US federal tax revenues in 1997, 2001, 2007, and 2011.
Question:
a. Using the information provided in question 8, for the years 1997 to 2001 and 2007 to 2011, calculate the absolute change in federal tax revenues, the change in federal tax revenues in real ( i. e., inflation- adjusted) terms, the change in real tax revenues per capita, and the change in tax revenues per GDP.
b. Which components of federal taxes had the largest relative increases from 1997 to 2001 and from 2007 to 2011? Which had the largest relative decreases?
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a The 1997 to 2001 absolute change in federal tax revenues was 4119 billion 19911 15795 while from 2...View the full answer
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