The percentage of world GDP represented by the G7 is ________ and the percentage of world GDP represented by the BRIC economies is ________
A) falling, rising
B) falling, falling
C) rising, falling
D) rising, rising
A
Economics
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The probability of an event is the:
A) time taken for the event to occur. B) frequency at which the event occurs. C) net benefit to society from the event. D) total number of economic agents affected by the event.
Economics
If a tax takes a constant fraction of income as income rises, it is
a. regressive. b. proportional. c. progressive. d. based on the ability-to-pay principle.
Economics