Refer to the above table. The change in income in round two will be:
Answer the following question based on the table below which illustrates the multiplier process resulting from an autonomous increase in investment by $5.
A. $0.94
B. $2.81
C. $3.75
D. $4.00
C. $3.75
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The double dividend of corrective taxes consists of ______.
a. eliminating regulations and boosting output b. increasing production and lowering prices c. taxing the harm and raising revenues d. closing down firms and prosecuting polluters
Net domestic product:
A. is a worse measure of output than gross domestic product because it is distorted by depreciation. B. increases as depreciation increases. C. is a better measure of output than gross domestic product because it controls for depreciation. D. cannot be computed since economists have no measure of depreciation.
Which of the following is NOT a non-price determinant of demand?
A) the price of the good or service B) tastes and preferences C) expectations of future prices D) prices of related goods and services
Which of the following will definitely occur when there is a simultaneous increase in demand and an increase in supply?
A. an increase in equilibrium quantity B. a decrease in equilibrium quantity C. an increase in equilibrium price D. a decrease in equilibrium price