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.

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Definitions:

Actual Self

The concept referring to how individuals see themselves currently.

Ought Selves

The representation of the attributes that someone believes they should possess, often influenced by societal, familial, and personal expectations.

Self-regulation

Refers to the ability of an individual to manage their emotions, thoughts, and behaviors in accordance with their goals.

Big Five

A model that outlines five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.