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Author Question: When a nation's real per capita Gross Domestic Product (GDP) increases, which of the following is ... (Read 96 times)

abarnes

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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.


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at

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


abarnes

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

upturnedfurball

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Reply 3 on: Yesterday
:D TYSM

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