Which of the following is a reason behind income being considered a tax base?
a. It is earned
b. It is subsidized.
c. It is taxed.
d. It is used to buy goods and services.
c
You might also like to view...
Below are pairs of GDP growth rates and unemployment rates. Economists would not be shocked to see most of these pairs in the U.S. Which pair of GDP growth rates and unemployment rates is not realistic?
a) 10 percent; 5 percent b) -1 percent; 8 percent c) 3 percent; 6 percent d) -2 percent; 2 percent
An increase in the equilibrium price for a product will result
A) when there is an increase in demand and an increase in the number of firms producing the product. B) when there is a decrease in supply and a decrease in demand for the product. C) when there is a decrease in supply and an increase in demand for the product. D) when the quantity of the product demanded exceeds the quantity supplied.