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:

Nutrition Labeling

Information provided on food packaging that details the nutrient content, such as calories, fats, vitamins, and minerals.

Externality

An economic term referring to a cost or benefit that affects a party who did not choose to incur that cost or benefit, often leading to market failure.

External

Pertaining to elements or influences originating outside a system or entity.

Public Goods

Goods or services that are available to all members of society, characterized by non-excludability and non-rivalry in consumption.