Effect of gdp on tax revenues

Assignment Help Microeconomics
Reference no: EM13173925

1. If the economy is to have significant built-in stability, then when real GDP increases, the tax revenues should:

a. Fall proportionately more than the change in GDP

b. Fall proportionately less than the change in GDP

c. Rise proportionately more than the change in GDP

d. Rise proportionately less than the change in GDP

 

2. The short-run aggregate supply curve:

a. Becomes flatter at output levels above the full-employment output

b. Becomes steep at output levels above the full-employment output

c. Is upward-sloping with a constant slope

d. Is horizontal

Reference no: EM13173925

Questions Cloud

What is the average thickness of the sheet in meters : Gold can be hammered into extremely thin sheets called gold leaf. A 210. mg piece of gold (density = 19.32 g/cm3) is hammered into a sheet measuring 4.2 1.0 ft. What is the average thickness of the sheet in meters? GIVEN: 2.54 cm = 1 inch
Decision-making process for the beanery coffee : Identify where this investment would be classified on the balance sheet of Cookie & Coffee Creations Inc. and explain why. What amount would appear on the balance sheet under each of the methods of accounting for the investment?
The emergence in the asia/pacific region : A key year for them is 2015, when Southeast Asia's Open Sky Agreement comes into effect, allowing unlimited flights to all 10 ASEAN members: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
Determine the variance for each line of the profit : Determine the variance for each line of the profit and loss statement in both dollar terms and percentage terms
Effect of gdp on tax revenues : Fall proportionately more than the change in GDP, Fall proportionately less than the change in GDP, Rise proportionately more than the change in GDP
How are permanent codes different from temporary codes : How are permanent codes different from temporary  codes? What could be the result of a system without permanent codes? Provide  examples in your answer.
How has the home depots profitability changed : How has The Home Depot's profitability changed over recent years? On what measures are you basing your response? If you were one of the company's corporate managers, would you be satisfied with the trend in gross profit?
The antiacid selected for the analysis is know to contain : If the antiacid selected for the analysis is know to contain only milk of magnesia how could this procedure be midified
Calculate the mass of nitrogen dissolved at room temperature : Calculate the mass of nitrogen dissolved at room temperature in an 92.0L home aquarium. Assume a total pressure of 1.0 atm and a mole fraction for nitrogen of 0.78.

Reviews

Write a Review

Microeconomics Questions & Answers

  Technological advances lead to lower demand

Labor is a resource that is necessary to produce many goods. "If the price of labor falls," says the economist, "the price of goods will soon follow." How does this work?

  Which industry is labor intensive

Give the percentage change in the rental on capital and percentage change in wage and compare the magnitude of the percentage in the rental on capital with percentage change in wage in part (b). Use notational format.

  Describe the impact of occupational segregation

Use a demand and supply model to describe the impact of occupational segregation or "crowding" on the relative wage rates and earnings of men & women.

  Identify the commodity of comparative advantage

State the commodity in which each country has absolute advantage and identify the commodity of comparative advantage for each country

  Short run production function

You manage the plant the mass produces engines by teams of workers using assembly machines. The technology is summarized by production: Find out the short run production function? Find out the total cost function for your plant to produce q engines ..

  Change the size of typical automobile firm

After Henry ford invented the assembly line for producing automobiles, other automobile companies copied his invention. The new technology rise the economies of scale in automobile producing.

  How has the housing market crash affected urban sprawl

How has the housing market crash affected urban sprawl and what do you think is the greatest problem facing the suburbs, especially if it is a growing area?

  Find the profit maximizing level of price and output

A monopoly has demand given through P=20,000-25Q, and costs given through C(Q)=100Q+25Q2. Find the profit maximizing level of price and output.

  Production possibilities frontier

What is the relationship between bowed out shape of production possibilities frontier and increasing opportunity cost of the good as more of it is produced?

  Infant formula industry market

Find out the market structure (competition, monopolistic competition, oligopoly, and monopoly) that best characterizes the infant formula industry.

  Find the slope of the budget line

What is the slope of the budget line and does this change depending on which combination of goods is purchased?

  Techniques of discounted cash flow

You're advising a friend who has a decision to make regarding Social Security. He is about turn 62 years old, and is eligible for early Social Security benefits. His early benefits would amount to $677 each month.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd