Question Description
In Economics the Engel’s Law indicatesa)the relationship between tax rates and the amount of tax revenue collected by governments.b)that inflation and unemployment have a stable and inverse relationship.c)as income rises, the proportion of income spent on food fallsd)distribution of income or wealth within a population.Correct answer is option 'C'. 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 In Economics the Engel’s Law indicatesa)the relationship between tax rates and the amount of tax revenue collected by governments.b)that inflation and unemployment have a stable and inverse relationship.c)as income rises, the proportion of income spent on food fallsd)distribution of income or wealth within a population.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In Economics the Engel’s Law indicatesa)the relationship between tax rates and the amount of tax revenue collected by governments.b)that inflation and unemployment have a stable and inverse relationship.c)as income rises, the proportion of income spent on food fallsd)distribution of income or wealth within a population.Correct answer is option 'C'. Can you explain this answer?.

Solutions for In Economics the Engel’s Law indicatesa)the relationship between tax rates and the amount of tax revenue collected by governments.b)that inflation and unemployment have a stable and inverse relationship.c)as income rises, the proportion of income spent on food fallsd)distribution of income or wealth within a population.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of In Economics the Engel’s Law indicatesa)the relationship between tax rates and the amount of tax revenue collected by governments.b)that inflation and unemployment have a stable and inverse relationship.c)as income rises, the proportion of income spent on food fallsd)distribution of income or wealth within a population.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of In Economics the Engel’s Law indicatesa)the relationship between tax rates and the amount of tax revenue collected by governments.b)that inflation and unemployment have a stable and inverse relationship.c)as income rises, the proportion of income spent on food fallsd)distribution of income or wealth within a population.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for In Economics the Engel’s Law indicatesa)the relationship between tax rates and the amount of tax revenue collected by governments.b)that inflation and unemployment have a stable and inverse relationship.c)as income rises, the proportion of income spent on food fallsd)distribution of income or wealth within a population.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of In Economics the Engel’s Law indicatesa)the relationship between tax rates and the amount of tax revenue collected by governments.b)that inflation and unemployment have a stable and inverse relationship.c)as income rises, the proportion of income spent on food fallsd)distribution of income or wealth within a population.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice In Economics the Engel’s Law indicatesa)the relationship between tax rates and the amount of tax revenue collected by governments.b)that inflation and unemployment have a stable and inverse relationship.c)as income rises, the proportion of income spent on food fallsd)distribution of income or wealth within a population.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.