Refer to the Information Provided in Table 8

question 73

Multiple Choice

Refer to the information provided in Table 8.4 below to answer the questions that follow.
Table 8.4

-Refer to Table 8.4.At an aggregate output level of $200 billion,the unplanned inventory change is

• A)-$200 billion.
• B)-$150 billion.
• C)-$50 billion.
• D)$100 billion.

---

Definitions:

Tax Burden

The total amount of tax levied on an individual or entity, indicating the actual economic impact of taxation on wealth.

Tax Imposed

A financial charge or levy placed by a government on an individual or an entity to fund public expenditures.

Buyer Pays

A pricing term indicating that the purchaser is responsible for the cost of goods, shipping, and any additional expenses associated with the purchase.

Tax Incidence

Describes how the burden of a tax is distributed between buyers and sellers, depending on the relative elasticities of supply and demand.