Answer:
A. increase equilibrium income by $300 and cause the budget deficit to decrease by $90.
Explanation:
Change in income = Multiplier * Change in investment
Change in income = $3 * 100
Change in income = $300
So, Income tax increase by = $300 * 0.3
= $90. Government expenditure is unchanged. So, Budget deficit (G-T) decreases by $90.
Property, liability, and life.
Answer:
(c)-The CPI measures the average prices of goods and services consumed by typical consumers, whereas the GDP deflator measures the average prices of all goods and services in the economy.
Explanation:
The CPI measures the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.
Ad the GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy in a year.
A tax that is considered fair by most people in a society is where the tax rate is progressive so that the more a person earns the higher rate of tax they pay and on the opposite end of the scale those with low income should pay very little if any. The other very important factor which is involved is is what are the taxes spent on? If they are mainly spent on meeting the needs of the most dispossessed people plus the basic needs of the general society for health care, education and housing then that is very important too.
Someone who affirms a contract by word or action and has the authority to act on someone else's behalf.