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28 Nov 2020
Refer to the following table for Waxwania (a hypothetical country):
What is the marginal tax rate in Waxwania? The average tax rate? Show your work. Which of the following describes the tax system: proportional, progressive, regressive?
Government Expenditures, G
Tax Revenues, T
Real GDP
$160
$100
$500
$160
$120
$600
$160
$140
$700
$160
$160
$800
$160
$180
$900
Refer to the following table for Waxwania (a hypothetical country):
What is the marginal tax rate in Waxwania? The average tax rate? Show your work. Which of the following describes the tax system: proportional, progressive, regressive?
Government Expenditures, G |
Tax Revenues, T |
Real GDP |
$160 |
$100 |
$500 |
$160 |
$120 |
$600 |
$160 |
$140 |
$700 |
$160 |
$160 |
$800 |
$160 |
$180 |
$900 |
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Garima MenonLv7
28 Jan 2021