Examlex
Which one of the following is true of a flexible budget?
Regressive
Pertaining to a tax system where the tax rate decreases as the taxable amount increases, leading to a higher tax burden on lower-income earners.
Government Expenditures
The total amount spent by the government on goods, services, and public projects.
Net Taxes
The difference between total taxes paid and government transfers received, representing the actual tax burden on an individual or business.
Shifted
Refers to a change in position or direction, often used in economics to describe movements in supply or demand curves.
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