bly changes the party(ies) to rson in the same economy

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter3: Economic Decision Makers
Section: Chapter Questions
Problem 3.10P
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Question
Q3
D
The process of debt rollover does not eliminate the debt. Rather, it simply changes the party(ies) to
whom the debt is owed.
O True
O False
Question 29
A person earns $48,000 per year and pays $13,000 in taxes. Another person in the same economy
earns $55,000 per year and pays $15,000 in taxes. This tax system is
O flat/proportional
O regressive
progressive
Transcribed Image Text:D The process of debt rollover does not eliminate the debt. Rather, it simply changes the party(ies) to whom the debt is owed. O True O False Question 29 A person earns $48,000 per year and pays $13,000 in taxes. Another person in the same economy earns $55,000 per year and pays $15,000 in taxes. This tax system is O flat/proportional O regressive progressive
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