A politician proposes to increase the income tax on top earners. He claims this will increase...
A politician proposes to increase the income tax on top earners. He claims this will increase private sector economic output. This claim
does not make sense. Income and output are interconnected. Taxing one is effectively a tax on the other.
does not make sense; income tax does not affect economic output.
makes sense; more taxes will increase government spending and help the economy.
makes sense; more taxes on top earners will improve productivity of lower earners.
might make sense; if the tax policy is structured correctly, it can incentivize economic activity
Homework Answers
The correct option is This claim does not make sense. Income and output are interconnected. Taxing one is effectively a tax on the other.
When the top earners are taxed, it reduces their incentive to produce more as a result economic output reduce.
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A politician proposes to increase the income tax on top earners.
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please, i need answeer for all 4 questions
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USU.US CUJL 1.ULTIUZULUV.CUIT 1. Points = 18 Consider National-Income Model: National Income: Consumption: Investment: Government Sector:...
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I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this p...
I need Summary of this Paper i dont need long summary i need
What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
D Question 5 1 pts A politician proposes to increase the income tax on top earners. He claims this will increase private sector economic output. This clairm O does not make sense: income tax does not affect economic nutput. O makes sense; more taxes will increase government spending and help the economy. O might make sense: if the tax policy is structured correctly, it can incentivize economic activity. O makes sense; more taxes on top earners will improve productivity of...
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please, i need answeer for all 4 questions
Consider National-Income Model: National Income: Consumption: Investment: Government Sector: Taxes: Y=C+I+G C = a + b (Y-T) I=k+rY G=Go T=f+jY 0<b<1 0<x<1 a> 0 in mln dollars; k>0 in mln dollars; Go > in mln dollars f> 0 in mln dollars; 0<j<1 1) Discuss in words the meaning of each of the equations in the model (3 points); 2) Find the equilibrium level of GDP (Y) in reduced form (3 points); 3)...
USU.US CUJL 1.ULTIUZULUV.CUIT 1. Points = 18 Consider National-Income Model: National Income: Consumption: Investment: Government Sector: Taxes: Y=C+I+G C = a + b (Y-T) I=k+rY G=Go T=f+jY 0<b<1 0<r<1 a> 0 in mln dollars; k>0 in mln dollars; Go >O in mln dollars f> 0 in mln dollars; 0<j<1 1) Discuss in words the meaning of each of the equations in the model (3 points); 2) Find the equilibrium level of GDP (Y) in reduced form (3 points); 3) If...
Question 63 (1 point) Which of the following is an example of an external cost (or negative externality)?! The fall in the price of wheat because good weather produced a large crop O A company moves a factory to China, closing its Canadian factory. The fall in the price of gasoline because oil prices are falling, making Canadian oil industry workers jobless. Taxes are increased to pay for increased government spending during the pandemic. The increased chance of getting the...
I need Summary of this Paper i dont need long summary i need
What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
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