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Aleksandr-060686 [28]
3 years ago
5

When the government implements programs such as progressive income tax rates, which of the following is likely to occur? a. equa

lity is increased and efficiency is increased. b. equality is increased and efficiency is decreased. c. equality is decreased and efficiency is increased. d. equality is decreased and efficiency is decreased.
Business
1 answer:
kozerog [31]3 years ago
8 0

Answer:

The correct answer is b. equality is increased and efficiency is decreased.

Explanation:

Progressive taxes are considered those in which the economic capacity of the person or the company is taken into account, that is: the higher the economic capacity the value to be paid for the tax increases. The objective of this type of taxes is that the payments made by people or companies are made proportionally to their income. Direct taxes are usually progressive.

An example of a progressive tax is the income tax, in the case of natural persons the value to be paid for this concept depends on the taxable liquid income.

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Assuming an upward-sloping as curve, if consumption spending falls while all other levels of expenditure stay the same in an economy that is at full employment, a GDP gap will be visible.

Retail store managers will take activities that result in greater Unemployment when undesirable inventories build up.

<h3>What is GDP?</h3>
  • Gross domestic product (GDP) is a monetary indicator of the total market worth of all the finished products that nations create over a certain time period.
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2 years ago
Mercy Hospital is considering a project that is expected to reduce the hospital's annual operating costs by $250,000 per year be
gizmo_the_mogwai [7]

Answer:

$650,000

Explanation:

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creativ13 [48]

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The answer is letter A.

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