Question
Virtually any tax will yield more tax revenue as Blank______ rises.
Multiple choice question.
inflation
interest rates
GDP
consumer expectations
Multiple choice question.
inflation
interest rates
GDP
consumer expectations
Answers
GPT-4o mini
The correct answer is **GDP**.
As GDP rises, the overall economic activity increases, which typically leads to higher tax revenue from various sources such as income tax, sales tax, and corporate taxes.
As GDP rises, the overall economic activity increases, which typically leads to higher tax revenue from various sources such as income tax, sales tax, and corporate taxes.