« previous next »

Author Question: Would it be possible for an increase in taxation to decrease the gross domestic product measured in ... (Read 37 times)

ashley

  • Hero Member
  • *****
  • Posts: 584
on: Jun 30, 2018
Would it be possible for an increase in taxation to decrease the gross domestic product measured in the U.S.? Why or why not?

Question 2

Scarcity:
 a. ensures that people become satisfied with less than what they want.
  b. exists only during a recession.
  c. exists only in some countries.
  d. affects only poor people.
  e. requires people to make choices to satisfy their wants.


kaylee05

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

Yes, it would be possible for an increase in taxation to decrease GDP. Higher levels of taxation would provide an incentive for more individuals and business to attempt to avoid taxation either legally or illegally. Such illegal activities would lead to an increase in the underground economy but a decrease in GDP.

Answer to Question 2

e


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Examples of characteristics measured by palpation Examples of characteristics measured by palpation
Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s
The age-related increase in spirituality is different for two cohorts born seven years apart. The ... The age-related increase in spirituality is different for two cohorts born seven years apart. The ...
The dimensions of a typical bolt showing where sizes are measured. The dimensions of a typical bolt showing where sizes are measured.
Effect of an Increase in Technological Progress Effect of an Increase in Technological Progress
Distribution of skin color as measured by a reflectometer at a wavelength of 685 nm. The results are Distribution of skin color as measured by a reflectometer at a wavelength of 685 nm. The results are
Video: Multiple Sclerosis Animation

For a complete list of videos, visit our video library