An income tax for which the average tax rate decreases with income is called a
A) regressive income tax.
B) proportional income tax.
C) flat-rate income tax.
D) progressive income tax.
A
Economics
You might also like to view...
If MRP > P, a firm should use less of that input.
Answer the following statement true (T) or false (F)
Economics
According to Okun's law, when cyclical unemployment is negative, the output gap:
A. is positive. B. equals the rate of cyclical unemployment. C. equals zero. D. is negative.
Economics
How much is the output gap if short-run output is $18.0 trillion and potential output is $18.2 trillion?
What will be an ideal response?
Economics
The Great Recession began in ________ and ended in ________
A) December 2007; June 2009 B) December 2007; December 2011 C) October 2008; June 2009 D) October 2008; December 2011
Economics