« previous next »

Author Question: Would it be possible for an increase in taxation to decrease the gross domestic product measured in ... (Read 94 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?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

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?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry. Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry.
Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ...
The dimensions of a typical bolt showing where sizes are measured. The dimensions of a typical bolt showing where sizes are measured.
Increase in Surface Area by Mechanical Weathering Increase in Surface Area by Mechanical Weathering
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library