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The incomes of five citizens from a hypothetical economy are in the accompanying table. Suppose the government introduces a new program for low-wage earners. Under
The incomes of five citizens from a hypothetical economy are in the accompanying table. Suppose the government introduces a new program for low-wage earners. Under this program, each citizen is given a refund that is paid for with tax revenues and is equal to a percentage of the citizen's income. The chart shows applicable income brackets and the percentage to be refunded. Income Range ($) Income Supplement (% of Original) Citizen Frankie Income ($) 29000.00 0-17,000 40% Vinnie 31000.00 17,001-36,000 25% Artie 16000.00 36,001-52,000 10% 62000.00 52,001 and above 0% Nicky Jackie 23000.00 What is the amount of Frankie's refund? What is the amount of Artie's refund? What is the amount of Nicky's refund? Which of the following characteristics of the welfare state is avoided by the supplement's gradual decline? inflation a revenue shortfall a benefits notch recession SA s
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