In the model of the goods market presented in Chapter 3, which of the following variables is exogenous? income (Y) marginal propensity to save (1-c1) saving (S) None of the answers are correct more than one of the above taxes (T) & autonomous consumption (CO) consumption (C) disposable income (YD)

In the model of the goods market presented in Chapter 3, which of the following variables is exogenous? income (Y) marginal propensity to save (1-c1) saving (S) None of the answers are correct more than one of the above taxes (T) & autonomous consumption (CO) consumption (C) disposable income (YD)

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter9: Aggregate Expenditures

Section: Chapter Questions

Problem 7E

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Tax Incidence Analysis

Tax incidence analysis is a kind of economic analysis. It helps to understand the division of tax burden between stakeholders. Tax incidence also relates to the price elasticity of demand and supply. The producers and consumers may valuate their tax burden with the help of tax incidence analysis. It also helps to calculate the burden of a new tax. It is the effect of a particular tax and analysis of tax occurrence in the economy.

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