Which of the following statements is correct?
A) The United States has a more equal distribution of income than other developed countries such as Japan and Germany.
B) The statement "a rising tide lifts all boats" illustrates how economic growth reduces the number of people with income levels below the poverty line.
C) The economic life cycle explains why people base spending decisions on transitory income.
D) The United States has more income inequality than some developing countries, such as Mexico and Brazil.
Correct Answer:
Verified
Q41: The United States has less income inequality
Q44: Table 20-4 Q45: The 2008 U.S.distribution of income shows that Q47: On average,the distribution of income tends to Q48: Of the four countries below,which has the Q49: The 2008 U.S.distribution of income shows that Q51: The United States has more income inequality Q231: Since about 1970 in the U.S., Q361: The study by economists Cox and Alm Q368: The study by economists Cox and Alm
A)decreases in
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