In Our Simple Macro Model with Government,which Statement Is Correct

question 54

Multiple Choice

In our simple macro model with government,which statement is correct regarding the following equation: T = (0.2) Y?

• A)Total tax revenues are equal to 20% of disposable income.
• B)Total tax revenues are equal to 20% of real GDP.
• C)Net tax revenues are equal to 20% of disposable income.
• D)If national income increases by $1.00,then net tax revenue increases by $0.20.
• E)If total tax revenue increases by $0.20,then national income increases by $1.00.

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Definitions:

Group Leadership

The practice of guiding a group towards achieving its goals, often involving directing and motivating members.

Dysfunctional Group

A group that has impaired or abnormal functioning, often characterized by conflict, miscommunication, and lack of cooperation.

Group Member

An individual who belongs to a collective of people working together towards a common goal.

Face-to-Face Meetings

Interactions in which participants communicate in person, allowing for immediate feedback and nonverbal cues.