Principles of Macroeconomics
Principles of Macroeconomics
7th Edition
ISBN: 9781260110982
Author: Frank, Robert
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 13, Problem 5P

(a)

To determine

The effect of an increase in government purchases from 1,500 to 1,600 on the short-run equilibrium output.

(b)

To determine

The effect of a decrease in tax collection of 100 on short-run equilibrium output.

(c)

To determine

The effect of a decrease in planned investment spending by 100 on the short-run equilibrium output.

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Frederick Jones operates a sole proprietorship business in Trinidad and Tobago. His gross annual revenue in 2023 was $2,000,000. He wants to register for VAT, but he is unsure of what VAT entails, the requirements for registration and what he needs to do to ensure that he is fully compliant with VAT regulations. Make reference to the Vat Act of Trinidad and Tobago and explain to Mr. Jones what VAT entails, the requirements for registration and the requirements to be fully compliant with VAT regulations.
Can you show me the answers for parts a and b? Thanks.
What are the answers for parts a and b? Thanks
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