Question
Laffer curve predicts what happens as tax rate
rises?Solution
The Laffer curve predicts that as the tax rate rises, tax revenue initially increases and then decreases. This implies there is an optimal tax rate that maximizes government revenue; beyond that point, higher tax rates discourage economic activity, leading to lower total revenue.
Give below are two statements:
Statement - I: The terms of trade of a nation are defined as the ratio of the cost of its export commodity to th...
The coefficient of regression of Y on X is byx = 1.2 , If A = (X-300)/4 and C = (Y-500)/6 find bCA
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Tax Function: T = T0 + tY
I...
________ was an important growth strategy adopted by India prior to 1991.
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(2) AC = MC = AR = MR
(3) MC is falling
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Tax Function: T = T0 + tY
Income...
Which of the following leads to an outward shift in the supply curve
