If a large percentage of economic activity in developing countries is unrecorded, then the countries are likely to rely on which of the following taxes to provide government revenue?
A) Sales taxes
B) Property taxes
C) Income taxes
D) Tariffs
D
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Alice, Bob, and Cody live in Wesland. Their annual incomes and the amounts they pay in income tax are shown in the table below. Income Tax Alice 30,000 6,000 Bob 50,000 7,500 Cody 100,000 12,000 The income tax in Wesland is
A) proportional. B) regressive. C) flat-rate. D) progressive.
Suppose Country A has a closed economy. If Country A's GDP remains constant, but its consumption and government spending increase, then: a. Country A's national saving will decrease. b. Country A's national saving will increase. c. Country A's net taxes will increase
d. Country A's net taxes will decrease.
Which of the following statements represents the idea behind signaling in education?
a. Education can turn an unproductive person into a productive person. b. Education increases the marginal productivity of naturally productive workers. c. More productive people are more inclined to educate themselves. d. All of the above are correct.
If the rate of inflation is 6 percent, the nominal interest rate is 9%, and the unemployment rate is 7%, how much is the misery index?
What will be an ideal response?