A tax is said to be buoyant if tax revenue is proportionally :
Tax buoyancy aboveone means tax receipts rise proportionately more than output, including discretionary tax changes. It differs from elasticity holding tax policy fixed.
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A tax is said to be buoyant if tax revenue is proportionally :
Answer and explanation
Correct answer A
Tax buoyancy aboveone means tax receipts rise proportionately more than output, including discretionary tax changes. It differs from elasticity holding tax policy fixed.
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UGC NET Economics