A study of how increase in the corporate income tax rate will affect the national unemployment rate is an example of ____________.

macro economics

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descriptive economics

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micro economics

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normative economics

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Solution

The correct option is A macro economics
Government policies and rate of unemployment in an economy are the subject matter of macroeconomics.Hence, how increase in the corporate tax will hit the unemployment rate of an economy should be studied under the sphere of macroeconomics as it deals the economy as a whole.

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Similar questions

Q. A study of how an increase in the corporate income tax rate will affect the national unemployment rate is an example of:

State the following statements are true or false.
1) Macro-Economics is known as income analysis.
2) Increase in national income is a Micro- Economic goal.
3) Macro-Economic adopts lumping method.
4) Study of price determination is a subject matter of Macro-Economics.
5) Micro-Economics deals with the study of aggregates.
6) National output is an example of macro variable.

A tax whose rate remains the same irrespective of the increase in income level.

Q. Economic growth is a quantitative measure and is measured in terms of an increase in national income.

A tax is one in which the rate of tax remains the same irrespective of the increase in income level.

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