Economics · Economy
Consider the following Assertion (A) and Reason (R) and choose the correct code: Assertion (A): Tax reforms directed towards a simple tax system will result in positive productivity gains. Reason (R): They boost GDP growth and employment growth by removing deadweight costs and reducing distortions in resource allocation.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A) is false, but (R) is true.
- 2(A) is true, but (R) is false.
- 3Both (A) and (R) are true, but (R) does not explain (A).
- 4Both (A) and (R) are true and (R) explains (A).✓
Correct answer
Both (A) and (R) are true and (R) explains (A).
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