The number of people employed in a country increased. Everything else remaining unchanged, this will lead to a ________
A) fall in the country's GDP B) fall in the country's consumer price index
C) fall in the country's GNP D) fall in the country's income per worker
D
Economics
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Consider a world with two income earners and an income tax. Individual A earns $25,000 and pays $1,000 in taxes. Individual B earns $100,000 and pays $4,000 in taxes. Which of the following best classifies the income tax system in this world?
a. proportional b. progressive c. regressive d. sumptuary
Economics
The Keynesian region of the aggregate supply curve is:
a. horizontal. b. downward-sloping. c. upward-sloping. d. vertical. e. a 45-degree line.
Economics