Multiple Choice
In our simple macro model with government,which statement is correct regarding the following equation: T = (0.2) Y?
A) Total tax revenues are equal to 20% of disposable income.
B) Total tax revenues are equal to 20% of real GDP.
C) Net tax revenues are equal to 20% of disposable income.
D) If national income increases by $1.00,then net tax revenue increases by $0.20.
E) If total tax revenue increases by $0.20,then national income increases by $1.00.
Correct Answer:
Verified
Correct Answer:
Verified
Q13: In a simple macro model with a
Q40: If the government's net tax rate increases,then
Q50: Suppose exports are $200 and imports are
Q53: In our simple macro model with government,which
Q55: In a macro model where the marginal
Q61: Consider a simple macro model with a
Q73: In our simple macro model with government
Q85: Consider a simple macro model with a
Q88: In a simple macro model with government
Q90: Suppose output is demand determined.An increase in