Marginal tax rate
a. What is the marginal tax rate in Waxwania? ____percent –The average tax rate? _____percent b. Suppose Waxwania is producing $600 of real GDP, …1 answer · Top answer: Step 1 Average tax rate = (Tax paid / Taxable income)=> Average tax rate = (Tax revenue / Real GDP)—–Marginal tax rate = (change in tax paid / change …