Double taxation means that both
a. the profits of corporations and the dividends shareholders receive are taxed, which is not currently the case in the United States.
b. the profits of corporations and the dividends shareholders receive are taxed, which is currently the case in the U.S.
c. wage income and employee benefits are taxed, which is not currently the case in the United States.
d. wage income and employee benefits are taxed, which is currently the case in the United States.
b
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According to Simon Kuznets, which of the following is likely to induce economic growth in the automobile industry of a country?
a. An increase in the amount of labor used in the industry b. A government subsidy for automobile production c. An increase in the import of spare parts for the engines d. An increase in the number of paint bays per factory e. The replacement of manual assembly lines with robots
Since 1960, real GDP has fluctuated to some extent; however, there has been virtually no overall growth when the entire time span is considered
a. True b. False