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MMLU-Pro / 7268 / Suppose households consume 85% of their disposable income. What is the effect on…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Suppose households consume 85% of their disposable income. What is the effect on national income if income taxes are increased by 4%? If sales taxes are increased by 4%? Assume the initial tax rate is 20% in both cases.

category

economics

options

  1. Income is unaffected by changes in tax
  2. Income falls by 3.4% with income tax and 6.8% with sales tax
  3. Income increases by 4% with income tax and decreases by 4% with sales tax
  4. Income remains unchanged with income tax and falls by 8.5% with sales tax
  5. Income increases by 9.9% with income tax and 12.4% with sales tax
  6. Income falls by 6.8% with income tax and increases by 3.4% with sales tax
  7. Income falls by 4% with both income tax and sales tax
  8. Income falls by 9.9% with income tax and 12.4% with sales tax
  9. Income falls by 8.5% with income tax and remains unchanged with sales tax
  10. Income falls by 12.4% with income tax and 9.9% with sales tax

src

stemez-Economics

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Source and history

upstream_id / Original problem ID
7268
task_id
3eeca996-e778-53c8-9a2e-60e6b5d05322
task_key
default--test--7268
task_revision_id
1
config / split
default / test

Official source

initial import