Assuming That There Are NO Income Taxes,if Both Autonomous Taxes,and

question 71

Multiple Choice

Assuming that there are NO income taxes,if both autonomous taxes,and government expenditures were to rise by $100 million,we would expect equilibrium GDP to

• A)rise by $100 million.
• B)rise,but by a multiple of $100 million.
• C)rise by less than $100 million.
• D)remain unaffected because leakages have changed by the same amount.

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Definitions:

Sliprings

Circular bands of metal placed on the rotating part of a machine. Carbon brushes riding in contact with the sliprings provide connection to the external circuit.

Commutators

A mechanical switch used in some electric motors and electrical generators to reverse the direction of current flow in the coils.

Hydrogen Atmosphere

An environment or a setting that predominantly contains hydrogen gas (H2).

Efficiency

The ratio of the useful output of a system to the input, expressed in percentage, indicating the system's ability to convert energy or resources into output effectively.