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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?
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Most Upvoted Answer
A study of how increases in the corporate income tax rate will affect ...
Explanation:
Macro-economics is concerned with the overall performance of the economy, which includes factors such as inflation, GDP, and unemployment. The study of how changes in the corporate income tax rate will impact the national unemployment rate falls under the purview of macro-economics. This is because changes in tax rates affect the overall economy and can have significant impacts on employment levels.
Furthermore, macro-economics deals with aggregates, such as the overall level of employment in the country, rather than individual firms or industries. The impact of a change in the corporate income tax rate on a particular firm or industry would fall under micro-economics.
Descriptive economics involves the collection and analysis of data to describe economic phenomena. While a study of the impact of changes in the corporate income tax rate on unemployment would certainly involve data collection and analysis, it is not solely descriptive.
Normative economics involves making value judgments about what ought to be done in the economy. A study of the impact of changes in the corporate income tax rate on unemployment is not normative, as it is focused on analyzing the likely outcomes of a particular policy change rather than making a judgment on whether or not the change should be made.
In conclusion, the study of how changes in the corporate income tax rate will impact the national unemployment rate is an example of macro-economics, as it deals with the overall performance of the economy and the impact of policy changes on employment levels.
Macro-economics is concerned with the overall performance of the economy, which includes factors such as inflation, GDP, and unemployment. The study of how changes in the corporate income tax rate will impact the national unemployment rate falls under the purview of macro-economics. This is because changes in tax rates affect the overall economy and can have significant impacts on employment levels.
Furthermore, macro-economics deals with aggregates, such as the overall level of employment in the country, rather than individual firms or industries. The impact of a change in the corporate income tax rate on a particular firm or industry would fall under micro-economics.
Descriptive economics involves the collection and analysis of data to describe economic phenomena. While a study of the impact of changes in the corporate income tax rate on unemployment would certainly involve data collection and analysis, it is not solely descriptive.
Normative economics involves making value judgments about what ought to be done in the economy. A study of the impact of changes in the corporate income tax rate on unemployment is not normative, as it is focused on analyzing the likely outcomes of a particular policy change rather than making a judgment on whether or not the change should be made.
In conclusion, the study of how changes in the corporate income tax rate will impact the national unemployment rate is an example of macro-economics, as it deals with the overall performance of the economy and the impact of policy changes on employment levels.
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Community Answer
A study of how increases in the corporate income tax rate will affect ...
Because here we are talking about "National Unemployment ".....Macro economics deals with aggregate....so this statement is macro from point of national level
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A study of how increases in the corporate income tax rate will affect the national unemployment rate is an example ofa)macro-economics.b)descriptive economics.c)micro-economics.d)normative economics.Correct answer is option 'A'. Can you explain this answer?
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