Question
Suppose people freely choose to spend 40 percent of their income on health care, but the government decides to tax 40 percent of a person's income to provide the same level of coverage as before. What can be said about deadweight loss in each case?
(See answer below)
Answer
60%-75% sometimes it may even depend on the person, 70%. Around 60% (for an adult).
(See complete conversation and new answers below)
Complete conversation
User: Suppose people freely choose to spend 40 percent of their income on health care, but the government decides to tax 40 percent of a person's income to provide the same level of coverage as before. What can be said about deadweight loss in each case?

Weegy: 60%-75% sometimes it may even depend on the person, 70%. Around 60% (for an adult).
Expert answered|uxiali|Points 86|

All Categories|No Subcategories|Expert answered|Rating 0| 6/22/2012 2:34:05 PM
New answers
Rating
There are no new answers.
Comments
There are no comments.
Add an answer or comment
Log in or sign up first.
Weegy
Ask a question and get an instant answer from an advanced search engine and a team of really smart live experts. It's free. No kidding!
Popular Conversations
In weegy is earnings below 20 dollars if suspended will be paid?
Note: Try to contact weegy support Note: I'm sorry that that wasn't a good answer. Please hold on while I contact an ...
5/24/2013 6:21:34 PM| 43 Answers
The three particles that make up atoms are A. protons, neutrons, and ...
Weegy: The three particles that make up atoms are A. protons, neutrons, and isotopes. B. neutrons, isotopes, and ...
5/24/2013 9:22:41 AM| 5 Answers
In the combined gas law, if the pressure in the system is increased, ...
5/24/2013 9:44:16 AM| 4 Answers
Where is Macbeth killed?
Weegy: No he doesnt Polanski made it up [http://answers.yahoo.com/question/?qid=20100325001622AAIZyei]
5/24/2013 7:03:18 AM| 3 Answers
What did Alexander II do to reform the military? a. He opened it up ...
Weegy: Alexander II b. made it mandatory that all males serve to reform the military.
5/24/2013 7:33:54 AM| 2 Answers
What was John Wesley's motivation for breaking from the Anglican ...
Weegy: b.He objected to the Church's association with what he considered an immoral Monarchy. ...
5/24/2013 8:49:38 AM| 2 Answers
Which substance can cause damage in the form of atmospheric gas, dry ...
Weegy: ... carbon monoxide, sulfur dioxide and ... Ground-level ozone and smog can form when cars and ... [ Small ...
5/24/2013 9:31:05 AM| 2 Answers
Which of the following cells would not divide using mitosis? ...
Weegy: gamete and bacterial cell
5/24/2013 9:43:32 AM| 2 Answers
The _____ adds up the spending by different parts of the economy, ...
Weegy: There are different ways to measure Gross Domestic Product (GDP), including adding up consumption, investment ...
5/24/2013 11:46:24 AM| 2 Answers
What countries are the permanent members of UN Security Council?
Note: There are no permanent members of the UN. There are five permanent members of the UN security council but that is ...
5/24/2013 12:03:58 PM| 2 Answers
Unlike Britain, France, and Russia, the United States A. controlled ...
Weegy: C. had no interest in trade with China.
5/24/2013 1:36:15 PM| 2 Answers
Top Ranked Experts
Order Points Ratings Comments Referrals
debnjerry
P
S
L
L
L
C
1
C
M
P
C
C
P
C
1
P
C
L
P
C
1
P
C
1
P
C
P
C
1
P
C
P
C
C
C
P
C
C
P
C
P
C
P
C
P
C
P
C
1
P
C
1
P
C
Points 781 [Total 47263]| Ratings 13| Comments 651| Referrals 0|Offline
matahari
S
Points 760 [Total 787]| Ratings 6| Comments 685| Referrals 3|Offline
Janet17
S
L
P
C
Points 716 [Total 1733]| Ratings 2| Comments 696| Referrals 0|Offline
andrewpallarca
S
L
P
C
1
R
P
1
L
P
C
1
P
1
M
P
1
P
1
L
P
1
P
1
P
1
P
1
P
1
P
C
1
P
C
P
C
1
P
C
P
C
P
C
1
P
C
1
Points 711 [Total 22017]| Ratings 19| Comments 521| Referrals 0|Offline
Sting
S
M
L
P
C
P
C
P
C
Points 611 [Total 4293]| Ratings 3| Comments 581| Referrals 0|Offline
rugmaker
S
P
C
L
P
C
Points 365 [Total 3160]| Ratings 7| Comments 295| Referrals 0|Offline
emdjay23
S
L
1
Points 297 [Total 1515]| Ratings 11| Comments 187| Referrals 0|Online
MrG
S
1
L
1
Points 242 [Total 3973]| Ratings 13| Comments 112| Referrals 0|Online
jeifunk
S
L
1
P
C
M
P
C
1
L
P
1
P
1
P
1
1
1
1
1
1
1
Points 227 [Total 9765]| Ratings 22| Comments 7| Referrals 0|Offline
jbgingz
S
Points 204 [Total 204]| Ratings 8| Comments 9| Referrals 23|Offline