Which of the following statements is not correct?
a. A gasoline tax can be an example of a tax that uses the benefits principle.
b. A progressive tax attempts to achieve vertical equity.
c. A progressive tax can be an example of the ability-to-pay principle.
d. A regressive tax attempts to achieve vertical equity.
d
Economics
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Suppose a nation's population grows by 2 percent and, at the same time, its GDP grows by 5 percent. Approximately how fast will real GDP per person increase?
A) 3 percent per year B) 2 percent per year C) 5 percent per year D) 10 percent per year
Economics
Older Americans living on a pension and therefore on a fixed income, tend to be made
a. better off when prices rise. b. better off when the inflation rate rises. c. worse off when prices rise. d. worse off when prices fall.
Economics