The ____ is the fraction of each additional dollar of income that is paid in taxes
a. deferred tax rate
b. cumulative tax rate
c. average tax rate
d. marginal tax rate
d
Economics
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The table above gives the CPI for a nation. Based on the table, we can determine that the reference base period is
A) 1994. B) 1996. C) 1998-2000. D) 2002. E) More information about when the Consumer Expenditure Survey was undertaken is needed to answer the question.
Economics
For any value of the MPC (marginal propensity to consume), the formula for the expenditure multiplier is
a. 1/(1 - MPC) b. 1/MPC c. 1/(MPC - 1) d. (1 + MPC)/MPC e. 1/(1 + MPC)
Economics