Economics · Fiscal Policy and Taxation
In a progressive taxation system, increasing the tax rates on higher income groups primarily aims to achieve which of the following macroeconomic objectives?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Reducing regional disparities
- 2Economic growth
- 3Reducing inequalities of income and wealth✓
- 4Economic stability
Correct answer
Reducing inequalities of income and wealth
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