If the tax rate increases with an increase in income, the income tax structure is said to be _____
a. proportional
b. regressive
c. progressive
d. lump-sum
e. negatively skewed
c
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Suppose the CPI has been overstating the increase in the cost of living by 1% for 25 years, the total impact of that 25 years later is
a. less than 25% b. exactly 25% c. negligible since it is only 1% per year d. more than 25% e. 24%
MPP is the additional output that results from a one-unit increase in use of the input
a. True b. False Indicate whether the statement is true or false
National health insurance programs:
A. are starting to be implemented in poorer areas like Ghana to increase access to health care. B. still face challenges in some areas to provide good, high quality care. C. can increase use of health clinics versus traditional village doctors, who often have no training. D. All of these statements are true.
The quantity theory of money relies on which variable to remain constant?
A. Aggregate spending. B. Velocity of money C. Price level D. Money supply