The payroll tax appears to be a proportional tax. In reality, it is
A. highly progressive.
B. actually proportional.
C. highly regressive.
D. regressive on low-income persons and progressive on high-income persons.
Answer: C
Economics
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Using the information in the table above, what does GDP equal?
A) $365 billion B) $350 billion C) $650 billion D) $380 billion E) GDP cannot be calculated without information on the amount of investment.
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Refer to the table above. What is the average total cost of producing 160 units of the good?
A) $0.50 B) $0.93 C) $1.44 D) $2
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