Dynamic Forecasting Does Not Take into Consideration Taxpayers' Responses to a Tax

question 14

True/False

Dynamic forecasting does not take into consideration taxpayers' responses to a tax change when estimating tax revenues.

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Definitions:

Simplify

To simplify a mathematical expression to its most basic form.

Expression

A mathematical phrase that can include numbers, variables, and operation symbols but does not have an equality sign.

Rationalize

The process of eliminating radicals from the denominator of a fraction or complex numbers from the denominator.

Denominator

The lower segment of a fraction representing the number of parts into which the total is split.