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A Technique for Estimating the Amount of Taxation
Effect of Diversion on Consumer Spending June 1942
Estimated Change in Amount Consumers Would Want
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actual adjusted amount analysis Angell's annual rate assumed Assumption billions of dollars capital formation change in consumer change in national changes in income civilian spending commodities computations consumer disposable income consumer outlay consumer spending consumption cost-of-living index crease decrease defense expenditures defense spending deficit disposable income unchanged diversion durable effect esti estimates figures forecast gross national product income tax increase in consumer increase in income INCREASE IN OUTPUT individuals inflationary gap installment credit inventory change investment Iowa group J. R. Hicks June labor ment method Milton Friedman money income national income October OUTPUT AND DEFENSE percent period personal exemption plant and equipment possible price change price level price rise procedure profits ready purchase money relation result retail sales tax retained income SETS OF ASSUMP sumer Table XXI tax rate tax revenue needed taxation taxpayers total income total output velocity of money wages