The average tax rate is calculated as
A) total income divided by the total tax paid.
B) the change in income divided by the change in total tax paid.
C) total tax paid divided by total income.
D) the change in total tax paid divided by the change in income.
C
Economics
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Using the quantity equation, if the velocity of money grows at 5 percent, the money supply grows at 10 percent, and real GDP grows at 4 percent, then the inflation rate will be
A) 19 percent. B) 15 percent. C) 11 percent. D) 6 percent.
Economics
The gold standard is
A. one way of achieving a fixed exchange rate system. B. the only way of achieving a floating exchange rate system. C. the only way to achieve a fixed exchange rate system. D. one way of achieving a floating exchange rate system.
Economics