Suppose George's income is $10,000 and he pays a tax of $1,000, but Laura's income is $50,000 and she pays a tax of $4,000. Such a tax is:

A. regressive.
B. progressive.
C. proportional.
D. flat.


Answer: A

Economics

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It is useful to study the Solow growth model because

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Answer the following statement true (T) or false (F)

Economics