A tax whose burden, expressed as a percentage of income, increases as income increases is
A. an ability-to-pay tax.
B. a proportional tax.
C. a progressive tax.
D. a regressive tax.
Answer: C
Economics
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The aggregate savings in an economy is $1,750 and the GDP of the economy is $55,000. The savings rate in the economy is:
A) 1.8%. B) 3.15%. C) 10%. D) 8.96%.
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The main policy-making body of the Federal Reserve System is the Federal Open Market committee
Indicate whether the statement is true or false
Economics