Buoyancy of tax refers to?
A. Relationship between the changes in government’s tax revenue growth and the changes in Inflation.
B. Relationship between the changes in government’s tax revenue growth and the changes in GDP.
C. Relationship between the changes in government’s tax revenue growth and the changes in Investment.
D. Relationship between the changes in government’s tax revenue growth and the changes in demand.
Answer:B
Buoyancy of tax refers to?
A. Relationship between the changes in government’s tax revenue growth and the changes in Inflation. B. Relationship between the changes in government’s tax revenue growth and the changes in GDP. C. Relationship between the changes in government’s tax revenue growth and the changes in Investment. D. Relationship between the changes in government’s tax revenue growth and the changes in demand.