Question
Taking into account of the effect of Marginal Excess Tax Burden (METB) the changes in the social surplus could be expressed as A). SS =
Taking into account of the effect of Marginal Excess Tax Burden (METB) the changes in the social surplus could be expressed as
A). SS = CS +PS + (1+METB)GS
B). SS = CS +PS + METB*GS
C). SS = CS + METB *PS + GS
D). SS = CS +PS + (1-METB)GS
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
6th Canadian Edition
321675606, 978-0321675606
