Investment 200, Net Exports 50, Total Tax Reven 250, Income tax rate 10%. How much income should been arned by the businesses and the individuals in order for the government to reach a balanced budget?
Investment 200, Net Exports 50, Total Tax Reven 250, Income tax rate 10%. How much income should been arned by the businesses and the individuals in order for the government to reach a balanced budget?
Chapter11: Fiscal Policy
Section: Chapter Questions
Problem 19E
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Question
![You are given data on the following variables in an
economy: Government spending 300, Total
Investment 200, Net Exports 50, Total Tax Revenue
250, Income tax rate 10%.
How much income should been arned by the
businesses and the individuals in order for the
government to reach a balanced budget?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd766d8f3-72d8-4283-b2bb-2a7986741a74%2F141814d4-2d1a-46aa-a728-712c542a9160%2Fvextkth_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You are given data on the following variables in an
economy: Government spending 300, Total
Investment 200, Net Exports 50, Total Tax Revenue
250, Income tax rate 10%.
How much income should been arned by the
businesses and the individuals in order for the
government to reach a balanced budget?
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