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Problem 1-58 (LO 1-3, LO 1-5) (Algo) Congress would like to increase tax revenues by 9 percent. Assume that the average taxpayer in the United

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Problem 1-58 (LO 1-3, LO 1-5) (Algo) Congress would like to increase tax revenues by 9 percent. Assume that the average taxpayer in the United States earns $44000 and pays an average tax rate of 20 percent. a. If the income effect is in effect for all taxpayers, whot average tax rate will result in a 9 percent increase in tax revenues? (Round your answer to 2 decimal places.) * Average tax rate b. This is an example of what type of forecasting? O Dynamic Static

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