In the previous figure, if Natural Real GDP is Q2, what state is the economy in at point A? Is it true that under a proportional income tax structure, a person who earns a higher income will pay more...


In the previous figure, if Natural Real GDP is Q2, what state is the economy in at point A?


Is it true that under a proportional income tax structure, a person who earns a higher income will pay


more in taxes than a person who earns a lower income?


Explain your answer.



May 26, 2022
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