Suppose Y=400 and the Government's Net Tax Rate Is 10

question 14

Multiple Choice

Suppose Y=400 and the government's net tax rate is 10 percent. If we are told that the government has a budget surplus, then government purchases must be

• A)greater than 30.
• B)greater than 40.
• C)less than 40.
• D)less than 30.
• E)-- not enough information to know.

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Definitions:

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The grade point average of students at the time they are admitted into an educational institution.

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An assessment designed to measure an individual's knowledge or competence in a specific area or discipline.

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A range of values that is likely to contain the value of an unknown parameter for a future observation, with a certain degree of confidence.