Multiple Choice Question Which of the following statements about the relationship between absolute and relative income distributions is true? Multiple choice question. The relative distribution of income will always become more equal as absolute incomes go up. The relative distribution of income will always become more unequal as absolute incomes go up. The relative distribution of income may change independently of movement in the absolute dollar amount of incomes. The relative distribution of income will never change despite changes in absolute income levels.

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Q: Y=C0+C1(Y-T)+I+G, C0=100 dollars, C1=0.8 (1) Suppose that tax collection (t) increases as much as…

A: Given - Y=100+0.8(Y-T)+I+G => Y=100+0.8Y-0.8T+I+G => 0.2Y=100-0.8T+I+G

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Q: Explain the importance of GDP

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Q: The largest single share of the national income consists of: O wages and salaries. O rents. O…

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Q: equal

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Q: 1. Suppose you have the following national income model: Y -C = G. -0.45Y+ C = 102 -0.45 T -0.4 Y +…

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Q: 6. This question is based on the following table. Household Income Average number of car per…

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Q: 23.Giving reason, explain how should the following be treated in the estimation of National Income )…

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