Asked by Brittany Moncrief on Jul 26, 2024
Verified
What is the primary reason that the highest quintile's share of the national income increased very rapidly over the last 20 years?
A) Poor people are lazy and do not want to work.
B) All of our jobs have been shipped overseas.
C) Tax cuts on the property owners and high income citizens.
D) High cost of health care.
Tax Cuts
Tax cuts refer to reductions in the amount of taxes owed by individuals or corporations, often implemented to stimulate economic growth.
National Income
Net domestic product minus indirect business taxes.
Property Owners
Individuals or entities that hold legal title to land, buildings, or other types of real estate.
- Comprehend the significance of government policies on income distribution.
Verified Answer
MR
Marco Ruiz TrellesJul 30, 2024
Final Answer :
C
Explanation :
Tax cuts on the property owners and high income citizens have allowed them to keep a greater share of their income, contributing to the rapid increase in their share of the national income.
Learning Objectives
- Comprehend the significance of government policies on income distribution.
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