Question
South Dakotasstate gdp increased by 2.5%. Personal income tax revenues increased by 3% over thatsame period. What would be the buoyancy of the personal income
South Dakotasstate gdp increased by 2.5%. Personal income tax revenues increased by 3% over thatsame period. What would be the buoyancy of the personal income tax?
A. 0.83
B. 1.2
C. 0.5
D. Not enough info
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
13th edition
1285198840, 978-1285198842
