The average rate of tax is calculated by:
A) The change in tax paid / change in income
B) Change in tax paid / total income
C) Total tax paid / change in income
D) Total tax paid / total income
Correct Answer:
Verified
Q1: Fiscal policy includes:
A) Taxation changes
B) Changes to
Q2: Direct taxes include:
A) Customs duties
B) Excise duties
C)
Q3: In a boom the government budget:
A) Should
Q5: In a progressive taxation system:
A) The average
Q6: The total amount owed by the government
Q7: In a recession:
A) The budget position will
Q8: Fiscal drag occurs when the tax brackets
Q9: Supply-side policies are aimed at increasing total
Q10: The relationship between tax rates and the
Q11: The government purchases which of the following
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