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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

There is little doubt that if income tax rates are cut, the size of the budget deficit will increase. Do you agree or disagree? Explain your answer.

To determine

Explain whether the statement is unacceptable or not.

Explanation

The given statement is unacceptable. The size of the income tax revenue depends upon the tax rate and the tax base (income slab)...

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