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Refer to the Above Diagram Wherein T Is Tax Revenues

Question 132

Multiple Choice

Refer to the above diagram wherein T is tax revenues and G is government expenditures.All figures are in billions.The tax system of this economy is such that: A) it is regressive. B) it is progressive. C) tax revenues equal 50 percent of GDP. D) it tends to destabilize the economy. Refer to the above diagram wherein T is tax revenues and G is government expenditures.All figures are in billions.The tax system of this economy is such that:


A) it is regressive.
B) it is progressive.
C) tax revenues equal 50 percent of GDP.
D) it tends to destabilize the economy.

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