Which of the Following Statements Is True

question 74

Multiple Choice

Which of the following statements is true?

• A)Capital income includes sales taxes paid by businesses to the government.
• B)Capital income includes indirect business taxes.
• C)GDP includes indirect business taxes.
• D)GDP does not include indirect business taxes.
• E)None of these

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Definitions:

Modernization Theorists

Scholars who study the process of societal transition from traditional to modern societies, emphasizing the positive effects of technological and economic development.

Developing Countries

Nations that are less industrialized and have lower per capita income levels compared to more industrialized countries.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people.

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.