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A study of how increases in the corporate income tax rate will affect the national unemployment rate is an example of:
  • a)
    Macro economics
  • b)
    Descriptive economics
  • c)
    Micro economics
  • d)
    Normative economics
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A study of how increases in the corporate income tax rate will affect ...
Macroeconomics deals with all the issues affecting the national economy.
For example, an increase in the direct tax such as corporate income tax will increase the cost of the corporate sector.
Thus, in order to compensate their costs, one of the measure may be to lessen the employees which will further affect the unemployment in the economy.
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A study of how increases in the corporate income tax rate will affect the national unemployment rate is an example of:a)Macro economicsb)Descriptive economicsc)Micro economicsd)Normative economicsCorrect answer is option 'A'. Can you explain this answer?
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A study of how increases in the corporate income tax rate will affect the national unemployment rate is an example of:a)Macro economicsb)Descriptive economicsc)Micro economicsd)Normative economicsCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A study of how increases in the corporate income tax rate will affect the national unemployment rate is an example of:a)Macro economicsb)Descriptive economicsc)Micro economicsd)Normative economicsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A study of how increases in the corporate income tax rate will affect the national unemployment rate is an example of:a)Macro economicsb)Descriptive economicsc)Micro economicsd)Normative economicsCorrect answer is option 'A'. Can you explain this answer?.
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