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Economics

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Jun 5, 2024

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ac . Chapter 17 Homework Assignment Question A is calculated as a flat percentage of income earned, regardless of level of income. Your answer(s) Q Attempt 1: proportional tax Question If Canada's economy moves into an expansion while its economy is produ;:ing more than potential GDP, then: Your answer(s) Q Attempt 1: automatic stabilizers will decrease government spending and increase tax revenue. Question In 2009, the U.S. government spent $1.4 trillion more than it collected in taxes. This deficit was about: Your answer(s) c Attempt 1: 10% of the size of the U.S. GDP in 2009. Question Which of the following terms is used to describe the set of policies that relate to government spending, taxation, and borrowing? Your answer(s) @ Attempt 1: Fiscal policies
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