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Questions › UGC-NET › UGC-NET 2025 › Q12
2 marksPublic Economics › Taxation: incidence and efficiency › The Laffer curve, tax buoyancy and tax revenueEasyabout 1 min

UGC-NET 2025 Question 12: Taxation: incidence and efficiency

When public revenue increases by more than 1% for a 1% increase in GDP, it is known as:

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Answer and worked solution

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Taxation: incidence and efficiency has come up 79 times in 7 exams since 2009.

What this question tests

This question is on The Laffer curve, tax buoyancy and tax revenue, part of Taxation: incidence and efficiency in Public Economics.

How revenue responds to rates and to growth.

TestStop has 11 past-paper questions on this subtopic; the nearest in year are below.

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Question from the UGC-NET 2025 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.