Automatic Changes in Tax Revenues and Expenditures That Occur as a Result

question 175

Multiple Choice

Automatic changes in tax revenues and expenditures that occur as a result of fluctuations in real GDP are referred to as automatic

• A)taxes and expenditure.
• B)discretionary taxes and expenditure.
• C)government.
• D)stabilizers.
• E)discretionary policy.

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Definitions:

Sellers

Individuals or entities that offer goods or services for sale to consumers or other businesses.

Total Revenue

The total amount of money a firm receives from the sale of its goods or services, calculated as the quantity sold multiplied by the price per unit.

Buyers

Individuals or organizations that purchase goods or services for personal use, resale, or production.

Total Revenue

The total income received from sales of goods or services before any expenses are subtracted.