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recommendation no: EM13212547

Gov. Expend. Taxation rev. 170 90 450 170 110 550 170 130 650 170 150 750 170 170 850 describe the accompanying table because that Waxwania.

a. What is the marginal tax rate in Waxwania? percent The median tax rate?________ percent

b. Mean Waxwania is producing $550 of genuine GDP, whereas the potential real GDP (or full-employment real GDP) is $650. How huge is its spending plan deficit?_____ $ that cyclically changed budget deficit?____ $ that is cyclically readjusted budget deficit as a percent of potential real GDP?

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