The total burden of a tax is the
a. absolute number of dollars an individual pays.
b. percentage of income a person pays.
c. number of dollars a person must be given after taxation to make him as well off as he was before taxation.
d. revenue lost to loopholes.
c
Economics
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Which of the following statements is TRUE?
A) consumption - investment = disposable income B) consumption - saving = personal income C) consumption + saving = disposable income D) consumption + saving = personal income
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Explain in basic terms what the voting paradox is all about
What will be an ideal response?
Economics