Define what is meant by the tax base and give an example. What ...

[Wadzanai]

Define what is meant by the tax base and give an example.
 
  What will be an ideal response?

Question 2

Nominal GDP measures the value of all final goods and services at base-year prices.
 
  Indicate whether the statement is true or false

[InfiniteSteez]

Answer to Question 1

The tax base is the measure or value upon which a tax is levied. Examples might include income, goods and services, wealth, property, etc.

Answer to Question 2

FALSE

[Wadzanai]

Thanks for the timely response, appreciate it

[aliotak]

TYSM