Classify the Sequence and Supply the Next Term

question 21

Short Answer

Classify the sequence and supply the next term.
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3, 6, 9, 12, ...
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The next term is __________.
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The sequence is __________ (arithmetic, geometric, Fibonacci-type, none of these).

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Definitions:

Tax Revenue

The revenue governments receive as a consequence of taxes.

Deadweight Loss

Failure to reach free market equilibrium for a good or service leads to a loss in economic efficiency.

Labor Supply

The total hours that workers are willing and able to work at a given rate of pay, across different job markets or sectors.

Laffer Curve

A theoretical representation showing the relationship between tax rates and government revenue, positing that there is an optimum tax rate that maximizes revenue.