Econ 2113 brcc Study guides, Class notes & Summaries
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Econ 2113 BRCC Final questions and answers 2024 with complete solution
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A change in a country's standard of living is measured by the change in - real GDP per capita 
(person) 
A tax policy where tax rates decrease when income increases is called - regressive taxation 
A tax policy where tax rates increase when income increases is called - progressive taxation. 
A tax policy where tax rates stay the same when income increases is called - flat taxation 
According to the Laffer Curve, - decreasing tax rates may or may not cause tax revenue to 
decrease. 
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