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Which of the following is an example of a regressive tax?
Firms
Business organizations that use resources to produce goods or services for sale with the aim of making a profit.
Transfer Payments
Payments made by the government to individuals, without any expectation of a direct return or exchange of goods or services.
GDP
Gross Domestic Product; a measure of the economic performance of a country, representing the total value of all goods and services produced over a specific time period.
GDP
Gross Domestic Product, a measure of the total economic output of a country, representing the value of all goods and services produced over a specific time period.
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