Review Exercise 6 at the end of Chapter 12, ?Revenue Forecasts, Revenue Estimates, and Tax Expenditure Budgets,? and write a 3 – 4 page paper in which you:
THIS IS ATTACHED… IT IS QUESTION #6 ON THE FIRST PAGE!!!
1. Describe a pattern you see in the tax collection data given for the case.
2. Explain with examples whether you know enough to advise the ministry whether or not to revise their 2001 forecast.
3. Based on the data given, determine how much tax revenue do you predict will be collected in May of 2001. Explain your reasoning.
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