Author Question: When a nation's real per capita Gross Domestic Product (GDP) increases, which of the following is ... (Read 112 times)

abarnes · **on:** Jun 29, 2018

When a nation's real per capita Gross Domestic Product (GDP) increases, which of the following is TRUE?

A) Every individual in that nation shares in the economic gain.
B) A nation must channel most of the economic gains to its poorest citizens.
C) Low income people are guaranteed to lose; they never share in their nation's economic gains.
D) We don't know who has most benefited from economic growth unless we look at the distribution of income.

Question 2

The distributions of tax burdens among various groups in society is known as

A) a proportional tax.
B) a progressive tax.
C) a regressive tax.
D) tax incidence.