In the above figure, what is the total tax revenue collected by the government?
A) $20 million
B) $40 million
C) $200 million
D) $400 million
D
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Asset trades that deal with debt instruments are best described as
A) share of stock. B) exchange rate. C) receipts. D) factors. E) bonds or bank deposits.
The measurements of business cycles tend to be exaggerated as a result of the GDP treatment of
a. services. b. perishable goods. c. government services. d. durable goods.
In the situation shown on this graph, what will be the result of the fiscal policy on employment?
a. The unemployment rate will fall.
b. The unemployment rate will rise.
c. The unemployment rate will remain unchanged.
d. The unemployment rate will move unpredictably.
If the steady-state capital—labor ratio is equal to the Golden Rule capital—labor ratio, then in the steady state
A) output per worker equals investment per worker. B) output per worker equals depreciation per worker. C) investment per worker is as large as possible. D) consumption per worker is as large as possible.