Principles of Economics, 7th Edition (MindTap Course List)
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
Question
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Chapter 36, Problem 7PA

Subpart (a):

To determine

Redistribution of income.

Subpart (b):

To determine

Redistribution of income.

Subpart (c):

To determine

Redistribution of income.

Subpart (d):

To determine

Redistribution of income.

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Which of the following is most likely to make a country’s income distribution more equal? a. Establishing a national sales tax on food and clothing b. Establishing a progressive income tax system c. Eliminating excise taxes on luxury goods d. Proportionally decreasing the tax rate for all income groups e. Reducing the subsidy to education
Demonstrate how the distribution of income between rich and poor is affected by government taxes, transfers and spending.
Which of the following will most likely lead to a more equal distribution of income? a. More regressive national sales tax b. More progressive income taxes c. An increase in the high school dropout rate d. An increase in structural unemployment e. An increase in earnings for owners of capital
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