Excise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive. Although everyone pays the same rate regardless of income, this might be so because low-income individuals are more prone than high-income individuals to purchase alcohol, tobacco, and gasoline.
<h3>What are Excise taxes?</h3>
- Any duty on produced items that are assessed at the time of manufacture rather than the time of sale is known as an excise or excise tax.
- Excises and customs duties are frequently used interchangeably, although customs taxes are imposed on already-existing products when they cross a defined border in one direction, whereas excise is imposed on goods that were created inland.
- State sales taxes and excise taxes on alcohol and cigarettes are frequently criticized for being regressive.
- Despite the fact that everyone pays the same rate regardless of income, this may be the case because people with low incomes are more likely than those with higher incomes to buy alcohol, cigarettes, and fuel.
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Answer:
A. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity.
- old system = 70 carts / 6 workers = 11.67 carts per worker
- new system = 76 carts / 5 workers = 15.2 carts per worker
B. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure.
- old system = 70 carts / ($108 + $30) = 0.51 carts per dollar
- new system = 76 carts / ($90 + $41) = 0.58 carts per dollar
C. Comment on the changes in productivity according to the two measures.
- The new system is more productive and efficient since it uses less workers to produce a higher output. The additional costs of implementing the new system are lower than the cost of employing more workers.
Explanation:
Multi factor productivity = total output / (cost of wages + material cost + overhead cost)
The answer is real GDP.
Real GDP per hour worked increases at a decreasing rate. A measure of a country's gross domestic product that has been adjusted for inflation is called Real GDP.
What is GDP?
- GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate.
- The monetary value of all finished goods and services made within a country during a specific time is known as GDP.
- GDP can be calculated in three methods using production, expenditures, or incomes. It can be adjusted for inflation and population to provider deeper insights.
- Real GDP takes account the effects of inflation while nominal GDP does not. GDP is a prominent tool to guide policymakers, investors and business in strategic decision making.
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Answer:
Grab some paper and wrap it around unchewed gum and do that for the amount of gum you want, Then put it in a small box.
