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Multiple choice:- tax revenues and government spending both vary inversely with GDP.- tax revenues and government spending both vary directly with GDP.- tax revenues vary

Multiple choice:- tax revenues and government spending both vary inversely with GDP.- tax revenues and government spending both vary directly with GDP.- tax revenues vary directly with GDP. but government spending is independent of GDP.- government spending varles directly with GDP. but tax revenues are independent of GDP.

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500 400 300 200 G 100 0 $100 200 300 400 500 500 700 103 900 Refer to the diagram. In which Is tax revenues and Gle government expenditures. All figures are In billions. In this economy

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