In Econoland in 2008, People with Incomes Between $20 000

question 51

Multiple Choice

In Econoland in 2008, people with incomes between $20 000 and $30 000 must pay 12% of their income in taxes, and people with incomes between $30 001 and $40 000 must pay 15%.In 2008, the CPI in Econoland equals 1.20 and increases to 1.26 in 2009.If the government of Econoland wants to keep households with a given real income from being pushed up into a higher tax bracket by inflation, the $20 000 to $30 000 bracket will be changed to:

• A)$15 873 to $23 810
• B)$21 000 to $31 500
• C)$24 000 to $37 800
• D)$25 200 to $37 800

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Definitions:

Trait Theorists

Psychologists who study personality and individual differences, focusing on the identification and measurement of specific traits that differentiate individuals.

Factor Analysis

A statistical approach that explains the variation among observed, interrelated variables through a smaller set of unseen variables, known as factors.

Biological Factors

Aspects of biological systems, including genetic, neurological, or physiological conditions, that influence an individual's behavior or health.

Social-cognitive Perspective

A psychological approach that emphasizes the impact of cognitive processes and social interactions on behavior.