12
12.1 The design of a tax system
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Khan Academy: Tax Brackets and Progressive Taxation
12.2 role of the government
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12.3 growth of government
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Problem 12.3.1: Suppose that a government begins with $0 in debt. Complete the table below. All values are given in billions of dollars.
| Year | Revenue | Spending | Surplus/Deficit | Debt |
| 2017 | $550 | $600 | ||
| 2018 | $575 | $600 | ||
| 2019 | $600 | $600 | ||
| 2020 | $650 | $625 |
Solutions: -50,-50; -25,-75; 0,-75; +25,-50
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12.4 collective action and the inefficiency of government
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12.5 when government works well
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12.6 when government works poorly
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