Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

The relationship between the tax rate and the amount of tax revenue collected is called the ______ curve. This curve shows that ______

Sagot :

sakshigupta4990

The relationship between the tax rate and the amount of tax revenue collected is called the Laffer curve. This curve shows the tax revenue.

Total tax revenue is the product of the tax base times the tax rate. In the current tax system, balance and assets are the main sources of tax revenue. The tax rate is the amount of tax attributed to each unit of the taxable base.

The Laffer Curve is a theory formulated by supply-side economist Arthur Laffer to illustrate the relationship between tax rates and the amount of tax revenue collected by the government. This curve is used to illustrate the argument that lower tax rates can lead to higher overall tax revenues.

Learn more about tax revenues at

https://brainly.com/question/28015553

#SPJ4

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.