If the Average Tax Rate Increases as Income Increases,the Income

question 40

Multiple Choice

If the average tax rate increases as income increases,the income tax is

• A)progressive.
• B)proportional.
• C)negative.
• D)regressive.
• E)excessive.

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Definitions:

Physical Capital

Tangible assets used in the production of goods and services, such as machinery and buildings.

Economic Sense

The logic or rationale behind economic decisions or policies, often evaluated in terms of benefits versus costs.

Progressed

Advanced or moved forward in development or improvement.

Nations

Vast collectives of individuals linked through shared ancestry, historical background, cultural practices, or linguistic similarities, residing in a specific nation or region.