Question : Redistribution of income in a country can be brought about through
Option 1: progressive taxation combined with progressive expenditure
Option 2: progressive taxation combined with regressive expenditure
Option 3: regressive taxation combined with regressive expenditure
Option 4: regressive taxation combined with progressive expenditure
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Correct Answer: progressive taxation combined with progressive expenditure
Solution : The correct answer is progressive taxation combined with progressive expenditure .
Redistribution of income and redistribution of wealth, respectively, are the transfers of income and wealth (including real estate) from some people to others through taxation, monetary policies, etc. Combining progressive taxation and progressive spending can accomplish this. Public funding for programs that benefit the poor and economic regulation are methods used to implement redistributive policies.
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Question : The income of A is $\frac{2}{3}$ of B's income and the expenditure of A is $\frac{3}{4}$ of B's expenditure. If $\frac{1}{3}$ of the income of B is equal to the expenditure of A, then the ratio of the savings of A to those of B is:
Question : The rate of tax increase as the amount of the tax base increases is called
Question : Which of the following is not included in domestic income?
Question : Which of the following is not a method of measuring national income?
Question : The income of A is 80% of B's income and the expenditure of A is 60% of B's expenditure. If the income of A is equal to 90% of B's expenditure, then by what percentage are the savings of A more than B's savings?
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