Using social security administration data for selected years from 1950 and projected to 2050, the US population (in millions), can be described by P(t)= 2.53t + 162.3. The number 163.3 in the equation can be best described as A. The US population in 1950 B The current US population C. Change in the US population over the selected . D The total accumulated US population . E. Change in US population every year since 1950

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Tax Incidence Analysis

Tax incidence analysis is a kind of economic analysis. It helps to understand the division of tax burden between stakeholders. Tax incidence also relates to the price elasticity of demand and supply. The producers and consumers may valuate their tax burden with the help of tax incidence analysis. It also helps to calculate the burden of a new tax. It is the effect of a particular tax and analysis of tax occurrence in the economy.