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Author Question: Suppose George's income is 10,000 and he pays a tax of 1,000 . but Laura's income is 50,000 and she ... (Read 66 times)

Arii_bell

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  • Posts: 596
on: Jun 30, 2018
Suppose George's income is 10,000 and he pays a tax of 1,000 . but Laura's income is 50,000 and she pays a tax of 4,000 . Such a tax is:
 a. regressive.
  b. progressive.
  c. proportional.
  d. flat.

Question 2

The real interest rate can be negative.
 a. True
  b. False
  Indicate whether the statement is true or false


k2629

  • Sr. Member
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  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


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