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Buoyancy of tax refers to:
- a)Relationship between the changes in government’s tax revenue growth and the changes in Investment.
- b)Relationship between the changes in government’s tax revenue growth and the changes in GDP.
- c)Relationship between the changes in government’s tax revenue growth and the changes in demand.
- d)Relationship between the changes in government’s tax revenue growth and the changes in Inflation.
Correct answer is option 'B'. Can you explain this answer?
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Buoyancy of tax refers to:a)Relationship between the changes in govern...
There is a strong connection between the government’s tax revenue earnings and economic growth. The simple fact is that as the economy achieves faster growth, the tax revenue of the government also goes up. Tax buoyancy explains this relationship between the changes in government’s tax revenue growth and the changes in GDP. It refers to the responsiveness of tax revenue growth to changes in GDP. When a tax is buoyant, its revenue increases without increasing the tax rate.
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Buoyancy of tax refers to:a)Relationship between the changes in govern...
Revenue and changes in economic activity
b)Ability of a tax to generate revenue for the government
c)Effect of a tax on the behavior of individuals and businesses
d)Ability of a tax to redistribute income within society
b)Ability of a tax to generate revenue for the government
c)Effect of a tax on the behavior of individuals and businesses
d)Ability of a tax to redistribute income within society
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Buoyancy of tax refers to:a)Relationship between the changes in government’s tax revenue growth and the changes in Investment.b)Relationship between the changes in government’s tax revenue growth and the changes in GDP.c)Relationship between the changes in government’s tax revenue growth and the changes in demand.d)Relationship between the changes in government’s tax revenue growth and the changes in Inflation.Correct answer is option 'B'. Can you explain this answer?
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Buoyancy of tax refers to:a)Relationship between the changes in government’s tax revenue growth and the changes in Investment.b)Relationship between the changes in government’s tax revenue growth and the changes in GDP.c)Relationship between the changes in government’s tax revenue growth and the changes in demand.d)Relationship between the changes in government’s tax revenue growth and the changes in Inflation.Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Buoyancy of tax refers to:a)Relationship between the changes in government’s tax revenue growth and the changes in Investment.b)Relationship between the changes in government’s tax revenue growth and the changes in GDP.c)Relationship between the changes in government’s tax revenue growth and the changes in demand.d)Relationship between the changes in government’s tax revenue growth and the changes in Inflation.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Buoyancy of tax refers to:a)Relationship between the changes in government’s tax revenue growth and the changes in Investment.b)Relationship between the changes in government’s tax revenue growth and the changes in GDP.c)Relationship between the changes in government’s tax revenue growth and the changes in demand.d)Relationship between the changes in government’s tax revenue growth and the changes in Inflation.Correct answer is option 'B'. Can you explain this answer?.
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