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Author Question: Under a progressive tax system: a. the average tax rate increases with increases in real GDP. b. ... (Read 125 times)

moongchi

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on: Jun 30, 2018
Under a progressive tax system:
 a. the average tax rate increases with increases in real GDP.
  b. the average tax rate remains constant with changes in real GDP.
  c. the average tax rate falls with increases in real GDP.
  d. government tax receipts increase when the economy is in a recession.
  e. government tax receipts decrease when the economy is expanding.

Question 2

Which of the following would be most likely to cause a reduction in the supply of Nintendo video games?
 a. a decrease in the price of Nintendo video games
 b. a decrease in the price of computer chips used to make Nintendo games
  c. an increase in the demand for Nintendo video games
 d. an increase in the price of computer chips used to make Nintendo games


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trog

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


moongchi

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

mjenn52

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Reply 3 on: Yesterday
Excellent

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