Taxes are the difference between
A)GDP and net exports.
B)GDP and consumer spending.
C)Consumer spending and saving.
D)GDP and disposable income.

Name: Taxes are the difference between A)GDP and net exports. B)GDP and consumer spending. C)Consumer spending and saving. D)GDP and disposable income.
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Question

Quizplus · Accepted Answer

Taxes are a component of disposable income, so they are subtracted from GDP to calculate disposable income. Therefore, taxes are the difference between GDP and disposable income.

Taxes Are the Difference Between