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Income redistribution. (25 marks) Suppose that everyone in the population agrees that R10, 000.00 should be the minimum wage in the economy. To achieve this,
Income redistribution. (25 marks) Suppose that everyone in the population agrees that R10, 000.00 should be the minimum wage in the economy. To achieve this, a tax rate is levied on all members with a monthly income of at least R15,000.00. Simulate the effect of levying taxes of 10%, 15%, and 20% on income and then redistributing the proceeds to people earning less than R10,000.00
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International Economics
Authors: Dominick Salvatore
11th edition
978-1118177938, 1118177932, 1119915732, 978-1118476017, 1118476018, 978-1119915737
