The following data give the dates of successive turning points in u. s. economic activity and the corresponding levels of real gdp at the time. turning point date real gdp (1965)(a) july 1953 1992.2(b) may 1954 1941.0(c) april 1957 2182.7(d) april 1958 2117.4(e) april 1960 2391.0which of the turning points are troughs? a. (a), (b), and (c)b. (c), (d), and (e)c. (a), (c), and (e)d. (b) and (d)

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

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answer(b) revenue account which increases;