suppose that products x is taxed at a constants rate of 10 %. however, high inco

Question

suppose that products x is taxed at a constants rate of 10 %. however, high income onfividuals spend a greater proportion of their income on x than low income infividual the tax profuct x is . A) regressive b) proportional c) progressive d) elastic

Interest on the public debt Considering average state-level spending and revenue: A) most spending is for police and fire protection B) most spending is for health care and hospital administration C) the largest source of revenue is taxes on Income D) the largest sources of revenue are sales and excise taxes Suppose that product X is taxed at a constant rate of 10%. However, high-income indriduas spend a greater proportion of their income on X than low-income individuals. The tax on product X is: A) regressive B) proportional C) progressive D) elastic B) proportional-

Explanation / Answer

b) Propotional.

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