How is the tax benefit received by the government measured
A)by deadweight loss
B)by tax revenue
C)by equilibrium price
D)by equilibrium quantity

Question

Quizplus · Accepted Answer

The tax benefit received by the government is measured by tax revenue, which is the amount of money the government receives from levying taxes on individuals and businesses. This revenue is used to fund government programs and services. Deadweight loss is a measure of the efficiency loss caused by taxes, while equilibrium price and quantity reflect the market conditions resulting from the tax policy. However, neither of these measures directly captures the tax benefit received by the government.

How Is the Tax Benefit Received by the Government Measured