Taxation is an economic factor that impacts on consumers' levels of _______ income (the amount of money available after essentials) and thereby influences the purchase of goods and services.
A)discretionary
B)preliminary
C)recessionary
D)progressionary

Question

Quizplus · Accepted Answer

Taxation affects consumers' discretionary income, which is the income left after essential expenses are deducted. The more taxes a consumer has to pay, the less discretionary income they have to spend on goods and services.

Taxation Is an Economic Factor That Impacts on Consumers' Levels