When a Tax Is Imposed,some of the Lost Surplus Becomes

question 63

Multiple Choice

When a tax is imposed,some of the lost surplus becomes tax revenues and the rest is transferred to:

• A)consumers.
• B)producers.
• C)recipients of government services.
• D)No one benefits from that lost surplus.

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Definitions:

Birthrate

The number of live births per thousand of the population per year, reflecting the growth rate of a population.

Replacement Rate

Replacement rate refers to the percentage of a worker's pre-retirement income that is paid out by a pension program upon retirement, indicating the level of income continuity after retirement.

Birthrates

The number of live births per thousand people in a population per year.

Death Rates

The number of deaths in a particular population, scaled to the size of that population, per unit of time.