Use the following consumption schedule for an economy to answer the next question. All figures are in billions of dollars.RGDPConsumption$440$450490490540530590570640610If a government sector is introduced and a lump-sum tax of $30 billion is imposed at all levels of real GDP, then the values in the consumption column become
A. $426, $466, $506, $546, $586.
B. $420, $460, $500, $540, $580.
C. $432, $472, $512, $552, $592.
D. $430, $470, $510, $550, $590.
Answer: A
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Answer the following statement true (T) or false (F)
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a. the European Union; the European nations b. the World Trade Organization; the less developed nations c. NAFTA; the South American nations d. NAFTA; Mexico, Canada, and the United States