Suppose Consumers Save 17 Percent of Their Incomes

question 63

Multiple Choice

Suppose consumers save 17 percent of their incomes. If the government collects 10 dollar in taxes from each taxpayer and invested it in infrastructure, total social investment will ________ per taxpayer.

• A) increase by $10.17
• B) increase by $8.30
• C) decrease by $1.70
• D) decrease by $8.30

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Definitions:

Third Variable

A factor that is not directly involved in a research hypothesis but may influence the relationship between the variables being studied.

Correlational Study

A research method that examines the relationship between two or more variables to determine if a correlation exists, without implying causation.

Statistical Significance

Likelihood that a study’s results have occurred only by chance.

Probability

The likelihood or chance that a specific event will occur, often expressed as a ratio or percentage.