What is the amount of tax revenue

Reference no: EM13737586

3. Suppose that in Australia, investment is $160 billion, saving is $140 billion, government expenditure on goods and services is $150 billion, exports are $200 billion and imports are $250 billion.
a. What is the amount of tax revenue? What is the government budget balance? ?

b. Is the government's budget exerting a positive or negative impact on investment? ?

c. What fiscal policy action might increase investment and speed economic growth? Explain how the policy action would work. ?

Reference no: EM13737586

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