What Must We Do to Fully Understand How Taxes Affect

question 135

Multiple Choice

What must we do to fully understand how taxes affect economic well-being

• A)assume that economic well-being is not affected if all tax revenue is spent on goods and services for the Canadian public
• B)know the dollar amount of all taxes raised in the country each year
• C)compare the reduced welfare of buyers and sellers to the amount of government revenue raised
• D)compare the expenditures of the federal government to its tax revenue