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KonstantinChe [14]
3 years ago
5

Assume a nation’s economy is operating above full employment. if business taxes increase, how will output, employment, and price

level likely change? output / employment / price level
Business
1 answer:
kotykmax [81]3 years ago
6 0
<span>In a circumstance where the economy is operating in full employment, an increase in business taxes is likely to decrease the output, as a result of consequential unemployment that results from inability to pay workers, leading to the economy not functioning at full employment.</span>
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Follows are the solution to the given points:

Explanation:

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It must allocate \$19000 for both the taxicab and \$41,000 for the rest of the license, the client list, and the company name registered.

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Her taxable annual income is \$15,840 (\$17,890 - \$2,050).

In point b:

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The taxable income here = \$0 (from \  \$17,100 -\$19,000) = -1,900.

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