Which of the following statement is correct
Statement 1: Laffer Curve shows relationship between tax rates and the amount of tax revenue collected by government
Statement 2: At a 0% tax rate, collected tax revenue will be zero
Statement 3: At a 100% tax rate, collected tax revenue will be maximum
Laffer Curve shows relationship between tax rates and the amount of tax revenue collected by government It suggests that raising the tax rate upto a certain limit will increase the tax revenue, after which any rise in the tax rate will decrease the tax revenue A high tax rate will discourage the taxed activities, such as work and investment Laffer curve shows the two extreme point of tax rate, 0% and 100%, at both of these rate no tax revenue will be generated At a 0% tax rate, tax revenue will be zero. As no tax impose, no revenue At 100 % tax rate, all people would choose not to work because everything they earned would go to the government. Therefore, is a point lying in between 0 to 100% range, where tax revenue is maximum (Rmax) (say t%) i.e. known as optimum tax rate Any rate higher or lower than that will lower the tax revenue If government wants to increase tax revenue, it will choose optimum tax rate.
Select the related number from the given alternatives.
42: 12:: 67: ?
Select the option that is related to the third letter-cluster in the same way as the second letter-cluster is related to the first letter-cluster.
<...Select the option that is related to third letter cluster in the same way as second letter cluster is related to first letter cluster.
NIL: SNQ :: GAP: ?
If S = 38, SHE = 64, then ‘SEND’ will be equal to?
Select the related number from the given alternatives:
18 : ? :: 17 : 4914
Select the option that is related to the third number in the same way as the second number is related to first number and the sixth number is related t...
If G = 7 and CELLS = 51, then MUTUAL =
Prince : 06 :: Mother : ?
If F = 12, FED = 30, then ‘FEED’ will be equal to?
If 58 # 67 = 82 and 24 # 55 = 33, then 72 # 84 = ?