Refer to Figure 18-1. Area F + G represents
A) the portion of sales tax revenue borne by consumers.
B) the portion of sales tax revenue borne by producers.
C) the excess burden of the sales tax.
D) sales tax revenue collected by the government.
B
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When disposable income equals $800 billion, planned consumption expenditure equals $600 billion, and when disposable income equals $1000 billion, planned consumption expenditure equals $760 billion. What is the marginal propensity to save?
a) 0.8 b) 0.64 c) 0.25 d) 0.2
A rise in national production and national income unambiguously leads to less pollution.
Answer the following statement true (T) or false (F)
Refer to the information provided in Table 23.8 below to answer the question(s) that follow. Table 23.8
Refer to Table 23.8. At an aggregate output level of $4,000 million, the unplanned inventory change is
A. $1,200 million. B. $400 million. C. $0. D. -$400 million.
If the exchange rate changes from 1.00 euro per dollar to 1.10 euro per dollar, the dollar has
A) depreciated against the euro. B) appreciated against the euro. C) fallen inversely in value. D) appreciated against the dollar. E) depreciated against the dollar.