# Would most likely represent the income distribution

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Chapter 1 / Exercise 1a
Exploring Macroeconomics
Sexton Expert Verified
would most likely represent the income distribution for Brazil? A. A.B. B.C. C.D. D.
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Chapter 1 / Exercise 1a
Exploring Macroeconomics
Sexton Expert Verified
35.Figure 33.3 illustrate Lorenz curves for four different economies. Which economy will have a Gini coefficient of zero?
36.Figure 33.3 illustrates Lorenz curves for four different economies. For which economy would the lowest 20 percent of families receive the smallest share of total income?
37.If the percentage of income paid in taxes increases as income rises, then the tax system is
38.A tax is progressive if it takes a A. Larger number of dollars as income rises.B. Larger number of dollars as income falls.C. Smaller fraction of income as income falls.D. Smaller fraction of income as income rises.
39.Which of the following taxes is most likely to reduce inequity?
40.Which of the following is a progressive tax?
41.The U.S. federal income tax is classified as a
42.To make a tax system more progressive, policy makers could A. Raise marginal tax rates for higher incomes.B. Narrow the tax base.C. Allow all interest expenses to be deductible, not just interest on mortgages.D. Raise sales taxes on commonly purchased items.
43.If the marginal tax rate is too high, it can cause all of the following except
44.Government attempts to create a more equitable income distribution by increasing marginal tax rates may do all of the following except
45.In general, lower marginal tax rates provide incentives to
46.If an individual is taxed at a 17 percent rate for each extra dollar earned, the reference is to the A. Marginal tax rate.B. Nominal tax rate.C. Average tax rate.D. Effective tax rate.
47.Assume the marginal tax rate is 12 percent for the first \$40,000 of income, 28 percent for income between \$40,000 and \$100,000, and 30 percent for any income over \$100,000. If Sarah has taxable income equal to \$120,000 for the year, what is her tax bill?
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