q14. An example of a progressive tax would be

• an income tax with a 10% tax rate on low income households and 20-30% tax rates on higher income households.
• a Social Security tax rate of 5% on earned income below $100,000 and 0% on income earned above $100,000.
• the Medicare payroll tax of 2.9% of income for everyone, regardless of how much they earn.

q15. An argument to promote education is that it will

• create jobs for teachers
• increase labor productivity and economic growth in the long run
• increase capital accumulation or deepening in the economy