20 2020
Q.2.4
Calculate the tax revenue to the government of this country when the economy
remains in equilibrium.
(2)
Q.2.5
(6)
Calculate what the new equilibrium income should be if the government of this
country decides to cancel all taxes, implying the tax rate would now be 0%.
Q.2.6
(4)
Before the government decreased the tax rate, how much of government
spending was required to bring the economy to full employment?

Explanation:

Solution for The following information is provided about an open economy with a government. Use the information to answer the questions that follow: C = 450

answer: nobody

explanation:

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3