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Poornima: Most people recognize that the budget deficit has been rising considerably over the last century. We need to find the best course of action to remedy this situation. Manuel: I believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits. Poornima: I actually feel that raising the top income tax rate would reduce the budget deficit more effectively. The disagreement between these economists is most likely due to

          Poornima: Most people recognize that the budget deficit has been rising considerably over the last century. We need to find the best
course of action to remedy this situation.
Manuel: I believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits.
Poornima: I actually feel that raising the top income tax rate would reduce the budget deficit more effectively.
The disagreement between these economists is most likely due to
        
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Poornima: Most people recognize that the budget deficit has been rising considerably over the last century. We need to find the best
course of action to remedy this situation.
Manuel: I believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits.
Poornima: I actually feel that raising the top income tax rate would reduce the budget deficit more effectively.
The disagreement between these economists is most likely due to

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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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differences in their beliefs about the impact of income tax rates on economic growth and tax revenue.
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Transcript

-
00:02 Hello, let's answer to the first question.
00:05 The disagreement between these two economies is most likely due to...
00:13 Let's look to the all answer options.
00:16 A, differences in scientific judgments.
00:22 Actually, i don't see any scientific judgments here.
00:26 I don't see any differences.
00:28 So at least here no scientific...
00:40 Judgments.
00:43 At least they are not given.
00:49 It's very clearly.
00:50 I don't see any scientific judgment.
00:54 That's why i don't think it's the correct answer.
00:58 B, differences between perception versus reality.
01:04 I don't see this perception versus reality.
01:09 I don't find this confirmation of this, so it's not correct.
01:14 C...
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