The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. Using the figure, how much tax revenue does the government raise?

A) $20,000
B) $40,000
C) $60,000
D) $80,000

B

Economics

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Which of the following is not an upper-middle income country?

a. Brazil b. South Africa c. Pakistan d. Argentina

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If C = $250, I = $50, G = $60, NX = -$20, and NFP = $5, how much is GNP?

A) $365 B) $335 C) $340 D) $345

Economics