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Author Question: Suppose consumers save 3 percent of their incomes. If the government collects 1 dollar in taxes from ... (Read 63 times)

yoooooman

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Suppose consumers save 3 percent of their incomes. If the government collects 1 dollar in taxes from each taxpayer, private saving will ________ per taxpayer.
 
  A) decrease by 97 cents B) increase by 1
  C) increase by 97 cents D) decrease by 3 cents

Question 2

A 300 billion decrease in both government spending and taxes will
 
  A) decrease GDP by less than 300 billion. B) decrease GDP by more than 300 billion.
  C) not change the level of GDP. D) decrease GDP by 300 billion.


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chinwesucks

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yoooooman

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Reply 2 on: Jun 30, 2018
Wow, this really help


amcvicar

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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