With reduction of taxes, and for simplicity of calcualtion the level of total dollar consumption expenditure is presumed to remain constant.The 14.91% was not calculated keeping the total dollar consumption expenditure constant. Total dollar consumption expenditure was increased by the amount of the tax.
The 14.91% was not calculated keeping the total dollar consumption expenditure constant. Total dollar consumption expenditure was increased by the amount of the tax.
Current prices are expected to fall by approximately the level of the NRST (20-25%) on implementation. In terms of current consumption dollars, the NRST is inclusive. The calculation retains the constant dollar level of consumption.
You are flat out wrong and can't admit it. Again.
You are just full of aimless assertions aren't you.