Refer to the above data.If a lump-sum tax (the same tax amount at each level of GDP) of $40 is imposed in this economy, the tax system:
A)is regressive.
B)is proportional.
C)is progressive.
D)may be either proportional or progressive.

Question

Refer to the above data.If a lump-sum tax (the same tax amount at each level of GDP) of $40 is imposed in this economy, the tax system:
A)is regressive. 
B)is proportional. 
C)is progressive. 
D)may be either proportional or progressive.

Quizplus · Accepted Answer

The Answer of  Refer to the above data.If a lump-sum tax (the same tax amount at each level of GDP) of $40 is imposed in this economy, the tax system:
A)is regressive. 
B)is proportional. 
C)is progressive. 
D)may be either proportional or progressive.

Refer to the Above Data