If Net Taxes Fall by $80 Billion,we Would Expect

question 197

Multiple Choice

If net taxes fall by $80 billion,we would expect

• A)the government deficit to fall by $80 billion.
• B)household saving to rise by $80 billion.
• C)household saving to rise by less than $80 billion.
• D)household saving to fall by more than $80 billion.

---

Definitions:

Product Life Cycle

The progression of a product through stages of introduction, growth, maturity, and decline, affecting marketing strategy and management decisions.

Profits

Revenue minus total costs.

Early Majority

A group in the technology adoption lifecycle that represents consumers who adopt new technology or products after a new concept has been proven by the innovators and early adopters.

Late Majority

A classification in the technology adoption lifecycle representing consumers who adopt new technology or innovations after the average member of the population.