Marginal and average taxes are
A. calculated using the same methodology.
B. not used in modern tax analysis.
C. not calculated using the same methodology.
D. all of these answer options are correct.
D. all of these answer options are correct.
You might also like to view...
Philosophical arguments in favor of income redistribution programs include
A) utilitarianism. B) the Rawlsian social contract. C) the benefits-received principle. D) all of the above
Personal income and property taxes paid by individuals are not included in the income approach of gross domestic product calculation
a. True b. False Indicate whether the statement is true or false
If marginal cost exceeds marginal revenue, a profit-maximizing monopolist will
a. restrict output to increase the price even higher. b. raise price and expand output to increase profit. c. lower price and expand output to increase profit. d. attempt to maintain this position because it is consistent with profit maximization.
Use the following data to answer the next question.The disposable income (DI) and consumption (C) schedules are for a private, closed economy. All figures are in billions of dollars.Disposable IncomeConsumption$0$88080160152240224320296400368If consumption increases by $10 billion at each level of disposable income, the marginal propensity to consume will
A. change, but the average propensity to consume will not change. B. not change, but the average propensity to consume will change. C. change, and the average propensity to consume will change. D. not change, and the average propensity to consume will not change.