ECONOMICS TODAY: THE MACRO VIEW >CUSTOM
19th Edition
ISBN: 9781323850831
Author: Miller
Publisher: PEARSON C
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Question
Chapter 6, Problem 15P
To determine
Are the predictions of static tax analysis and dynamic tax analysis in agreement on the direction of the change of the government’s tax revenue when government raises sales tax.
Concept introduction:
Static tax analysis: Static tax analysis means an analysis which indicates that when the tax rate is raised by 1 percentage, such an increase will raise the tax revenues by 1 percentage.
Dynamic tax analysis: Dynamic tax analysis means an analysis which indicates that there is only a single tax rate which will maximize the government tax revenues.
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ECONOMICS TODAY: THE MACRO VIEW >CUSTOM
Ch. 6 - Prob. 6.1LOCh. 6 - Prob. 6.2LOCh. 6 - Prob. 6.3LOCh. 6 - Prob. 6.4LOCh. 6 - Prob. aFCTCh. 6 - Prob. bFCTCh. 6 - Prob. cFCTCh. 6 - Prob. dFCTCh. 6 - Prob. eFCTCh. 6 - Prob. 1CTQ
Ch. 6 - Prob. 2CTQCh. 6 - Prob. 1FCTCh. 6 - Prob. 2FCTCh. 6 - Prob. 1PCh. 6 - Prob. 2PCh. 6 - Prob. 3PCh. 6 - Prob. 4PCh. 6 - Prob. 5PCh. 6 - Prob. 6PCh. 6 - Prob. 7PCh. 6 - Prob. 8PCh. 6 - Prob. 9PCh. 6 - Prob. 10PCh. 6 - Prob. 11PCh. 6 - Prob. 12PCh. 6 - Prob. 13PCh. 6 - Prob. 14PCh. 6 - Prob. 15P
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