When the Economy Goes into a Recession, the Amount of Taxes

question 10

Essay

When the economy goes into a recession, the amount of taxes collected by the government falls automatically.Why?

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Definitions:

Real World

Refers to the actual physical world and situations as opposed to what is imagined or created in virtual or theoretical scenarios.

Grocery Store

A retail store that specializes in selling food and other household necessities.

Primary Research

The process of gathering new data directly through surveys, interviews, or experiments.

Collecting Data

The process of gathering and measuring information on variables of interest in an systematic fashion.