Which of the following statements is FALSE?
A) Worldwide, no countries are catching up to the United States with respect to GDP per capita.
B) Income distributions have become less equal in the United States in the past 30 years.
C) Higher taxes tend to reduce the incentive to work productively and innovate.
D) The poverty rate measures the percentage of people living in households with incomes below the poverty line.
Correct Answer:
Verified
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