The accompanying schedule contains data for a private closed economy. all figures are in billions. if a lump-sum tax of $20 is i

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Ray Of Light [21]

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The accompanying schedule contains data for a private closed economy. all figures are in billions. if a lump-sum tax of $20 is i

mposed, the consumption schedule will become?

Business

1 answer:

kifflom [539] · Answer 1 · 2023-09-30T23:56:01+03:00

The accompanying schedule contains data for a private closed economy. all figures are in billions. if a lump-sum tax of $20 is imposed, the consumption schedule will become

GDP: $140, 180, 220, 260, 300

C: $130, 160, 190, 220, 250

This is further explained below.

<h3>What is the economy?</h3>

Generally, The statistics for a closed and privatized economy may be found in the following schedule. all values are in billions. The consumption schedule will become more complicated if a one-time tax payment of $20 is implemented.

In conclusion, the condition of a nation or area in terms of the production and consumption of goods and services as well as the availability of money in circulation.

GDP: $140, 180, 220, 260, 300

C: $130, 160, 190, 220, 250