Author Question: Under a progressive tax system: a. the average tax rate increases with increases in real GDP. b. ... (Read 176 times)

moongchi · **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