In Our Simple Macro Model with Government,which Statement Is Correct

question 54

Multiple Choice

In our simple macro model with government,which statement is correct regarding the following equation: T = (0.2) Y?

• A)Total tax revenues are equal to 20% of disposable income.
• B)Total tax revenues are equal to 20% of real GDP.
• C)Net tax revenues are equal to 20% of disposable income.
• D)If national income increases by $1.00,then net tax revenue increases by $0.20.
• E)If total tax revenue increases by $0.20,then national income increases by $1.00.

---

Definitions:

Industrial Equipment

Machinery and tools designed for use in various industries, including manufacturing and construction.

Sales Presentation

A structured conversation or pitch designed to persuade a potential customer to purchase a product or service.

Inventory Management

The practice of ordering, storing, tracking, and controlling inventory to ensure the right quantity of products is in the right place at the right time.

Need-satisfaction

A sales approach focusing on identifying and meeting the specific needs of a client or customer, thereby creating value and fostering positive relationships.