Economics · Taxation
With reference to tax buoyancy, consider the following statements: I. Tax buoyancy measures the responsiveness of tax revenue to changes in GDP. II. A tax buoyancy greater than one indicates that tax revenue is growing faster than GDP. III. Tax buoyancy is influenced only by changes in tax rates. How many of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1None
- 2All three
- 3Only two✓
- 4Only one
Correct answer
Only two
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