Multiple Choice
The figure above shows a labor market with an income tax.
-In tax wedge in the figure above is equal to ________ per hour, which creates an after-tax real wage rate of ________ per hour and employment of ________ billion hours per year.
A) $10; $35; 250
B) $15; $20; 200
C) $10; $35; 200
D) $5; $35; 200
E) $15; $30; 250
Correct Answer:
Verified
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