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?

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter11: Fiscal Policy
Section: Chapter Questions
Problem 19E
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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?
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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