Post Utme Ui 2023 Economics Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Ui Economics examination.

Post Utme Ui 2023 Economics Objective / Multiple Choice

Question 1 POST_UTME_UI • 2023 • ECONOMICS • objective

A country's government is considering a new tax policy to reduce income inequality. The policy involves a progressive tax system where the tax rate increases as income increases. However, the government also wants to ensure that the tax system is neutral with respect to the level of income. Which of the following tax functions would achieve this goal?

Correct Answer A. ( t(x) = \frac{x^2}{x+1} )

B. ( t(x) = \frac{x^2}{x-1} )

C. ( t(x) = \frac{x^2}{x+2} )

D. ( t(x) = \frac{x^2}{x-2} )

Correct Answer

Correct Option:

( t(x) = \frac{x^2}{x+1} )

This is Post Utme Ui 2023 Economics Question 1. It is one of the objective questions from the 2023 Post Utme Ui Economics examination.

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