Type: T Topic: 4 E: 183 MA: 183 147. Refer to the above data. If a lump-sum tax of $20 is imposed, the consumption schedule will become:
A. GDP $120 160 200 240 280 Answer: C C $150 180 210 240 270 GDP $140 180 220 260 300
B. C $155 185 215 245 275 GDP $140 180 220 260 300
C. C $135 165 195 225 255 GDP $140 180 220 260 300
D. C $130 160 190 220 250
Answer:D
Type: T Topic: 4 E: 183 MA: 183 147. Refer to the above data. If a lump-sum tax of $20 is imposed, the consumption schedule will become:
A. GDP $120 160 200 240 280 Answer: C C $150 180 210 240 270 GDP $140 180 220 260 300 B. C $155 185 215 245 275 GDP $140 180 220 260 300 C. C $135 165 195 225 255 GDP $140 180 220 260 300 D. C $130 160 190 220 250