Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 32, Problem 5IAPA
To determine

To find:

The level of employment, the potential GDP in LT Land and the real wage rate if the LT land eliminates its income tax.

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An indirect tax is:     A. a tax on goods and services that we purchase   B. a tax with your name on it   C. a tax that increases as your income increases   D. All of the Above
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