As the economy becomes more technologically sophisticated, the wage premium can be expected to

Refer to the scenario above. If the income tax rate for the fourth household is higher than the income tax rate for the second household, it can be inferred that the government follows a ________ income tax system

A) progressive B) regressive C) proportional D) value-added

A lower real interest rate, amount of consumer debt, and personal taxes ________ personal consumption expenditures

A) increase B) decrease C) have no effect on D) none of the above