Refer to Table 8-11. Nominal GDP for Tyrovia in 2016 equals

Refer to the table above. If Bob earns $105,000 per annum, he has to pay a tax of approximately ________

A) $6,400 B) $12,600 C) $18,675 D) $19,600

If Slovenia were a large country in world trade, then if it imposes a large set of tariffs on its imports, this must

A) decrease the internal price of imports below the world market rate. B) cause retaliation on the part of its trade partners. C) harm Slovenia's real income. D) improve Slovenia's real income. E) improve the real income of its trade partners.