A) A graphical representation of the relationship between tax rates and tax revenues.
B) A graphical representation of the relationship between Gross domestic products and tax revenue.
C) A graphical, representation between the total revenue and tax rates,
D) None of the above.
Correct Answer: A
Solution :
[a] The Laffer curve, invented by Arthur Latter, shows the relationship between tax rates and tax revenue collected by governments.
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