Refer to the information. If the economy's tax schedule was T = .2Y rather than T = T 0 = 30, the equilibrium GDP would be:
Answer the question on the basis of the following information for a mixed
open economy. The letters Y, C a , I g , X n , G, and T stand for GDP, consumption, gross
investment, net exports, government purchases, and net taxes respectively. Figures are in
billions of dollars.
A. $387.5.
B. $518.5.
C. $316.
D. $412.
A. $387.5.
Economics
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a) cost curves horizontally b) benefit curves vertically c) benefit curves diagonally d) benefit curves horizontally
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Why do investors engage in arbitrage?
What will be an ideal response?
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