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.
D
Economics
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What percentage of personal income tax revenue was collected from the top 1 percent of earners in 2010?
a. less than 10 percent b. approximately 15 percent c. approximately 20 percent d. more than 35 percent
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