(Table 3: Macroeconomic Data for Country A, 2018) Table 3

question 53

Multiple Choice

(Table 3: Macroeconomic Data for Country A, 2018) Table 3 provides data for country A for 2018. Use the data to determine the net taxes of country A in 2018.
$\begin{array}{l}\text { Table 3: Macroeconomic Data for Country A, } 2018 \text { (billions of dollars) }\\\begin{array}{|c|c|c|c|c|c|c|c|}\hline \text { GDP } & \text { C } & \text { I } & \text { G } & \text { NX } & \text { T } & \begin{array}{c}\text { Transfer } \\\text { payments }\end{array} & \text { Depreciation } \\\hline \$ 1,200 & \$ 700 & \$ 200 & \$ 350 & -\$ 50 & \$ 320 & \$ 100 & \$ 30 \\\hline\end{array}\end{array}$

• A) $420 billion
• B) $220 billion
• C) $290 billion
• D) $190 billion

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Definitions:

Feedback Control

A process wherein adjustments are made based on the differences between the actual outcome and the desired performance.

Feedback Control

A process or system that uses feedback to regulate, control, or adjust its actions to achieve desired outcomes.

Preliminary Controls

Early measures or procedures put in place to identify potential risks and prevent future problems, ensuring that organizational objectives are achieved effectively.

Post-action Controls

Mechanisms put in place to evaluate and adjust processes or activities after they have occurred, to ensure objectives are met and to learn from the outcomes.