Hu earns $120,000 per year. He is charged a 20% tax on the first $80,000 he earns. He is charged a 30% tax for any income he earns between $80,000 and $200,000. Approximately what is his average tax rate?

The average (mean) price of ten commodities is $330. If an eleventh commodity whose price is $600 is included in the calculation, the new average is:

A) $254.54. B) $354.54. C) $330.35. D) $450.25.

The tax multiplier equals 1 ? spending multiplier

a. True b. False Indicate whether the statement is true or false