Local governments usually rely on the ________ tax to fund schools, libraries, and public services such as police and fire protection

The money supply will decrease if

A) either the monetary base or the money multiplier increases in value. B) either the monetary base or the money multiplier decreases in value. C) either the monetary base increases in value or the money multiplier decreases in value. D) either the monetary base decreases in value or the money multiplier increases in value.

Gelato ice cream maker shows the following on its balance sheet: revenue $200M, wages $100M, milk expenses $50M, strawberry purchases $5M, and taxes $25M. What is Gelato's contribution to GDP using the income approach?

A) $100M B) $125M C) $145M D) $200M