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Taxes which distort relative prices are not neutral.
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∙ 10y ago
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What does taxes affect prices?
3wide
What does RATNEST mean in economics?
Resource prices, Alternative prices, Technology improvements, Number of sellers/firms, Expectations of suppliers/producers, Subsidies, Taxes
Which measure did the U.S. government take to combat the problems of increasing oil prices?
increasing taxes on oil
Difference between GDP at market price and GDP at factor price?
There is one important difference that arises when calculating the level of GDP from the spending side of the economy rather than summing the values added in production. This difference arises because the price paid by consumers for many goods and services is not the same as the sales revenue received by the producer. There are taxes that have to be paid, which place a wedge between what consumers pay and producers receive. Taxes attached to the transactions are known as indirect taxes. Thus, if a consumer pays $100 for a meal in a restaurant the owner may receive only $85.10, the remaining $14.90 will go to the government in the form of VAT. The term factor cost or basic price is used in the national accounts to refer to the prices of products as received by producers . Market prices are the prices as paid by consumers. Thus, factor cost or basic prices are equal to market prices minus taxes on products plus subsidies on products. Vinita trinibabygirl_15@hotmail.com The concept of GDP at basic prices differs from the concept of GDP at factor costs in that the former includes net indirect taxes (indirect taxes less subsidies) attached to factors of production. For example, whereas property taxes, capital taxes and payroll taxes were not included in the valuation of GDP at factor costs, they are included in the valuation of GDP at basic prices. These production expenses are included in GDP at basic prices, subtracting from them any subsidies attached to factors of production, such as subsidies allocated for job creation and training. SAM SJMSOM, IIT Bombay (2008-2010) sameerkalra86@yahoo.com
What are the determinants of aggregate supply?
a. input prices 1. domestic resources prices 2. prices of imported resouces 3. market power b. productivity c. legal-institutional environment 1. business taxes and subsidies 2. government regulation
What does taxes affect prices?
3wide
How do you claim a non related dependent on your taxes?
If they aren't a qualified child or a qualified relative, as defined, you can't claim them.
Why are the gas prices in California higher?
Taxes.
Are taxes included in your airfare prices?
Yes, airfare prices include all applicable taxes, airport fees and security surcharges. There are no additional fees.
What was the cause for gas prices to increase?
it had something to do with taxes
If the international oil price keeps rising which way do prices shift?
All prices shift upward. Governments love this as taxes do also.
How do lawyer use percents?
lawyers use percents when figureing out prices and taxes of houses
How much is the xbox360 with tax?
The prices vary because all states have different taxes.
What does RATNEST mean in economics?
Resource prices, Alternative prices, Technology improvements, Number of sellers/firms, Expectations of suppliers/producers, Subsidies, Taxes
What is the President acting as when he deals with problems such as unemployment rising prices or high taxes?
The Chief Legislator
Why have alcohol prices been raised?
Because the costs of production and as well as taxes have gone up.
How does the driving age being changed to 15 lower taxes?
it doesnt lower taxes it raises them it raises taxes deaths gasoline prices and grief. Now please go follow me on instagram luv_beebs_13 taatuu
