The best measure of a country's standard of living is

If a $15 billion reduction in taxation produces a change of $20 billion in output, the value of the government taxation multiplier is ________

A) 35 B) 0.75 C) 5 D) 1.3

In order for a hotel to successfully price discriminate so that senior citizens are given a discount, the hotel must be able to

A) offset the economic loss from charging senior citizens a lower price by lowering the marginal cost of renting rooms to senior citizens. B) lower its prices to younger customers too. C) prevent senior citizens from reselling their rooms to younger customers. D) shift its demand curve rightward. E) determine if a senior citizen can pay a higher price.