What is direct tax and indirect tax? Give example. How does taxation helps in fiscal development?

Q: What is the relative importance of taxation to the economy of the country

A: Taxes are a source of government revenue which is charged on the goods and services purchased by the…

Q: A governor presents an exparsionary fiscal plan to stimulate production throughcut the state. Which…

A: The best expansionary fiscal plan to stimulate the production in the state is to reduce the tax rate…

Q: ose George's income is $10,000 and he pays a tax of $1,000, but Laura's income is $50,000 and she…

A: Tax is referred to financial charge that is compulsory for every individual. Taxation is a term used…

Q: What are the budget revenues for a government to finance government spending?

A: Budget revenues are detailed information of revenues  receipts and expenditures of the government.…

Q: (1) Tax system contributes to reduce inequality and control consumption-Explain in your own words.

A: Government levies taxes on consumers to generate resources to provide public goods like defence,…

Q: Federal payroll taxes to fund the EI program are levied at a combined rate of 1.58 percent up to an…

A: There are usually three kinds of taxes that are levied by the state  Progressive tax - This is the…

Q: Which of the following is a significant revenue source for state and local governments, but not the…

A: Taxes are the amount charged by the government for the services provided and are the means of…

Q: Which of the following is true in the United States? O A. Only state governments can collect taxes.…

A: Tax is the compulsory payment to the government and it is the main source of government revenue.…

Q: 3. Does it matter that increased govemment debt/GDP ratios place a higher tax burden on future…

A: According to the Ricardian equivalence theorem, the impact of higher debt-financed government…

Q: Define the three types of taxes (Proportional tax, Progressive tax, Regressive tax)

A:

Q: A tax is O regressive when everybody pays the same amount of tax O regressive when all taxpayers pay…

A: A tax is an obligation to government by residents of a country for consumption and production. It is…

Q: What is the relative importance of taxation to the economy of the country? Discuss clearly the…

A: A tax is a governmental organization's mandatory financial payment or other forms of levy levied on…

Q: What is the difference between an expenditure (cash-flow) tax and a sales tax? What is the…

A: Tax: It refers to the income of the government. The taxes are the income that people will pay…

Q: 16. Which of the following would not cause a shift in (Ad) : A) a reduction in income tax B) a…

A: Answer: A fall in the cost of production Aggregate demand represents the demand for the total amount…

Q: progressive income tax has a greater deadweight loss compared to a proportional incone tax ?…

A: Progressive income tax is a situation when the level of taxes increases with the increase in income…

Q: Illustrate each of the following situations with a graph showing IS curve: a. An increase in…

A: The IS curve slopes downward from left to right because as the interest rates falls, investment…

Q: Over the past century, has the government’s tax revenuegrown more or less slowly than the rest of…

A: Meaning of TAX: A tax is charged by the government compulsorily on an individual or legal entity.…

Q: What is Regressive Tax?

A: Generally, there are two types of taxes one is lump-sum tax and the other one is a specific tax or…

Q: What do you think is the role that the government plays in the United States economy too big too…

A: Government intervention could lead to increase in economic efficiency when there is existence of…

Q: What is meant by a progressive tax? A regressive tax? A proportional tax? Comment on the…

A: Hey, Thank you for the question. According to our policy we can only answer up to 3 sub parts per…

Q: Compare and contrast the use of government spending changes versus tax changes as a means of…

A: Both fiscal policies whether it is the use of government spending and use of tax changes are…

Q: The graph shows the market for smartphone chargers. Draw a point to show the price of a smartphone…

A: Tax is a measure of cash/money that you need to pay to the public authority so it can pay for public…

Q: What will happen to the amount of taxes collected by the government during a recession when there is…

A: please find the answer below.

Q: What does an increase in the income tax rate​ illustrate? An increase in the income tax rate is an…

A: What does an increase in the income tax rate​ illustrate? In general, [income] tax rate increases…

Q: Identify whether each of the following taxes is progressive or regressive and indicate in each case…

A: 1. The Federal Personal Income tax is” progressive, and the incident is on the taxpayer” As income…

Q: Define the term fiscal policies and explain the government's government role in developing fiscal…

A: Fiscal policy is defined as the decision taken by the government to control the level of its…

Q: Calculate the average and marginal tax rates inthe following table, and indicate whether the taxis…

A: Average Tax Rate:- Average Tax rate=Total tax dueTotal taxable income×100 Marginal Tax Rate:-…

Q: economy with an income tax of 10%, what is the budget balance of thegovernment? economics

A: Autonomus utilization is the utilization consumption that happens when pay levels are zero. Such…

Q: Does it matter that increased government debt/GDP ratios place a higher tax burden on future…

A: It is the ratio of a country's public debt to its gross domestic product that is used to measure its…

Q: The largest source of revenue for the federal government is ? A.corporate income taxes. B. the…

A: The largest source of revenue for the federal government is Individual income taxes.

Q: Discuss how governments can use fiscal policy to address TWO costs of unemployment.

A: Answer: The TWO costs of unemployment are given below: (1). Loss of output or goods and services:…

Q: Fiscal Policy

A: Introduction of Fiscal policy:-It is a policy via which a government makes adjustments in its tax…

Q: According to the pie chart, which of the following provides the most revenue for the federal…

A: As per the pie chart above, the federal tax revenue is $3.18 trillion and is collected/earned…

Q: Which of the following is incorrect regarding tax revenues? a.they increase during recessions…

A: The correct solution is option a.

Q: Question: Solve for the equilibrium level of output in the following two scenarios: there isan…

A: Y=−5+0.5(Y−250−0.1Y)+200+300+50'

Q: What is progressive and regressive tax?

A: Tax is a mandatory payment usually levied by the government authorities on the individuals,…

Q: Suppose the city of Strelsau has a 10% property tax on rental properties. Rudolph makes $100,000 a…

A: A tax is an obligation to government by residents of a country for consumption and production. It is…

Q: Explain the elements or test of fiscal policy that play a critical role in economic development.…

A: Fiscal policy is that the government rejects their spending and controls taxes and influences the…

Q: Suppose taxes are related to income as follows: Income Taxes $1,000 $200 $2,000 $350 $3,000 $450 a.…

A:

Q: Refer to the following table for Waxwania: Government Expenditures, G Tax Revenues, T Real GDP $170…

A: a.  As the tax rate at every unit of Real GDP is the same, i.e. 20% of the Real GDP, therefore, the…

Q: An example of a regressive tax are O corporate income taxes. O personal income taxes. the social…

A: Answer - the social security taxes

Q: what's the relation ship between Tax Burden and Inequality ?

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…