In General, the _______ Complicated and _______ Efficient the Design

question 92

Multiple Choice

In general, the _______ complicated and _______ efficient the design of a tax system is, the more equitable its incidence.

• A)less; more
• B)more; less
• C)more; more
• D)less; less

---

Definitions:

Real GDP

Real Gross Domestic Product (GDP) measures the value of all finished goods and services produced within a country's borders in a specific period, adjusted for inflation.

Nominal GDP

Gross Domestic Product measured at current market prices, without adjustment for inflation, representing the value of all goods and services produced over a specific time period.

Exports

Merchandise or services dispatched from one country to a different one for trading or selling purposes.

Imports

Goods or services brought into a country from abroad for sale.