An Individual May Be Considered as a Qualifying Child of Her

question 87

True/False

An individual may be considered as a qualifying child of her parents and a qualifying child of her grandparents in the same year.

---

Definitions:

Tariff Revenue

Income generated by a government from imposing tariffs on imported goods.

Total Surplus

The sum of consumer surplus and producer surplus, representing the total net benefit to society from producing and consuming a good or service.

Consumer Surplus

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Producer Surplus

The gap between the price producers are ready to take for offering a product or service and the actual payment they receive.