Exhibit 12-9 Negative Income Tax

?
As shown in Exhibit 12-9, a family of four with an income of $20,000 receives ____ from the government:

In a closed economy, without the government:

A) savings equals net exports. B) consumption equals investment. C) consumption equals savings. D) savings equals investment.

Refer to the table above. What is the marginal benefit that Jenny derives from the fifth unit?

A) $0 B) $1 C) $6 D) $30