A small increase in the annual rate of economic growth can lead to a larger increase in growth over time due to the effects of
A) the money supply.
B) compounding.
C) regression towards the mean.
D) averaging.
B
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The 2010 U.S. Federal Personal Income six tax brackets range from 10 percent for individuals earning less than $8,025 to 35 percent for those earning over $357,700 whereas the Lithuanian tax rate for all citizens' income is 24 percent
The Lithuanian income tax system is a ________ tax and the U.S. income tax system is a ________ tax. A) progressive; proportional B) regressive; progressive C) proportional; regressive D) proportional; progressive
If in the market for apples the supply has decreased, then
A) the supply curve for apples has shifted to the right. B) there has been a movement upwards along the supply curve for apples. C) there has been a movement downwards along the supply curve for apples. D) the supply curve for apples has shifted to the left.