Millionaire Mode

Types of Automatic Stabilizers: Progressive Taxation and Unemployment Benefits

Question 1 of 15

Which of the following is a characteristic of progressive taxation?

  1. The tax rate increases as income increases.
  2. The tax rate decreases as income increases.
  3. The tax rate is the same for all income levels.
  4. The tax rate is negative for low-income earners.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000