2 years ago

If the government repeals an investment tax credit and increases income taxes:

Business

1 answer:

elena-14-01-66 [18.8K]2 years ago

8 0

Answer:

The correct answer is ( D)

Explanation:

Increase in income tax has negative effects on the overall economic growth of a country. The economic growth of a country depends upon the real GDP growth. Increase in income tax leads to a decline in real GDP and price level, because public will try to save money and that leads to decrease in price level and low output productivity.

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Hey there,

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~Top

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