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Aggregate Demand/Supply, National Debt vs. Deficit, Taxes

Aggregate Demand/Supply, National Debt vs. Deficit, Taxes. In country A, everyone pays a 10% income tax.  This type of tax system is known as A      regressive B       progressive C      proportional D      sales.

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Aggregate Demand/Supply, National Debt vs. Deficit, Taxes

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  1. Aggregate Demand/Supply, National Debt vs. Deficit, Taxes

  2. In country A, everyone pays a 10% income tax.  This type of tax system is known as A      regressive B       progressive C      proportional D      sales

  3. 2. The information on the chart above is consistent with which type of tax system? A      progressive B       regressive C      proportional D sales

  4. 3. National debt is different than government deficits in that A      the debt only includes money owed for the current fiscal year. B       deficits include all debts owed over time with interest. C      deficits only apply to monetary decisions made by Congress. D      national debt is the sum of all past deficits plus interest

  5. key • C • B • D

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