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Answer the question on the basis of the following table: Refer to the table. If an additional
lump-sum tax of $20 were imposed, we would expect: equilibrium GDP to rise by $24.
equilibrium GDP to fall by $30. equilibrium GDP to fall by $20. equilibrium GDP to fall by $50.

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  • 1. Answer the question on the basis of the following table: Refer to the table. If an additional lump-sum tax of $20 were imposed, we would expect: equilibrium GDP to rise by $24. equilibrium GDP to fall by $30. equilibrium GDP to fall by $20. equilibrium GDP to fall by $50.