A lump-sum tax, such as a $1000 tax that every family must pay one time, is
A) a type of income tax.
B) an autonomous tax.
C) negatively related to real GDP.
D) a regressive tax.

Question

Quizplus · Accepted Answer

A lump-sum tax is a fixed amount tax that does not depend on income or any economic activity, making it an autonomous tax. It is not a type of income tax and it has no relation to real GDP. It is also not a regressive tax as it does not vary with income or wealth.

A Lump-Sum Tax, Such as a $1000 Tax That Every