Question
Value Added Tax (VAT) is an example
of:Solution
VAT is an indirect tax levied on consumption. Since lower-income households spend a larger proportion of their income, the tax consumes a higher percentage of their income, making it regressive in effect.
Crusoe begins with an endowment A. Point R is the consumption combination he would choose at real interest rate r and point R´ is the consumption ...
If a tax on a good is doubled, the deadweight loss from the tax
Match the following
A.   Modigliani            I.      Liquidity Trap
B.   Hicks       ...
 In the basic Solow model of growth
Which sector witnessed the most significant credit inflow YoY growth in FY24?
The "Balanced Budget Multiplier" states that if the government increases expenditure and taxes by the same amount, the net effect on national income is:
The Central Limit Theorem states that as sample size increases, the sampling distribution of the mean:
Price Consumption Curve is always backward sloping in case of
Which probability distribution is appropriate for modeling the number of occurrences of an event in a fixed interval of time or space?
The Benefit Principle of taxation is most closely associated with the financing of which of the following goods?
