Which of the following is an example of an automatic stabiliser?The regressive tax systemThe progressive tax systemPensionsThe proportional tax system
Question
Solution 1
The progressive tax system and pensions are examples of automatic stabilisers.
Here's why:
- The Progressive Tax System: This is a type of taxation that taxes higher income brackets at higher rates. When the economy is doing well, people earn more and thus pay more taxes. Conversely, during a do Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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