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Refer to the Above Data

Question 71

Multiple Choice

Refer to the above data.If a lump-sum tax (the same tax amount at each level of GDP) of $40 is imposed in this economy, the tax system: A) is regressive. B) is proportional. C) is progressive. D) may be either proportional or progressive. Refer to the above data.If a lump-sum tax (the same tax amount at each level of GDP) of $40 is imposed in this economy, the tax system:


A) is regressive.
B) is proportional.
C) is progressive.
D) may be either proportional or progressive.

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