Refer to the above table.If an additional lump-sum tax of $20 were imposed, we would expect:
A)equilibrium GDP to fall by $30.
B)equilibrium GDP to fall by $20.
C)equilibrium GDP to fall by $50.
D)equilibrium GDP to rise by $24.

Question

Refer to the above table.If an additional lump-sum tax of $20 were imposed, we would expect:
A)equilibrium GDP to fall by $30. 
B)equilibrium GDP to fall by $20. 
C)equilibrium GDP to fall by $50. 
D)equilibrium GDP to rise by $24.

Quizplus · Accepted Answer

The Answer of  Refer to the above table.If an additional lump-sum tax of $20 were imposed, we would expect:
A)equilibrium GDP to fall by $30. 
B)equilibrium GDP to fall by $20. 
C)equilibrium GDP to fall by $50. 
D)equilibrium GDP to rise by $24.

Refer to the Above Table