Under a regressive tax system, the marginal tax rate for high income taxpayers is
a. higher than the marginal tax rate for low income taxpayers.
b. the same as the marginal tax rate for low income taxpayers.
c. lower than the marginal tax rate for low income taxpayers.
d. Any of the above could be true under a regressive tax system.
c
Economics
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Which of the following goods is directly counted in GDP?
A) the pepperoni that Pizza Hut purchases for its pizzas B) the cheese that Pizza Hut purchases for its pizzas C) the large Pizza Hut pizza purchased by a family for dinner D) the boxes that Pizza Hut purchases to box its pizzas
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Owners claim residual income
Indicate whether the statement is true or false
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