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Congress would like to increase tax revenues by 11.5 percent. Assume that the average taxpayer in the United State earns $62,000 and pays an average
Congress would like to increase tax revenues by 11.5 percent. Assume that the average taxpayer in the United State earns $62,000 and pays an average tax rate of 10 percent. a.if the income effect is in effect for all taxpayers, what average tax rate will result in a 11.5 percent increase in tax revenues? b.this is an example of what type of forecasting? Static or Dynamic
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