Use the Table for the Question(s)below

question 59

Multiple Choice

Use the table for the question(s) below.
Consider the following historical top federal tax rates in the United States:
Personal Tax Rates
-In 2000,the effective tax rate for debt holders was closest to:

• A)61%.
• B)52%.
• C)64%.
• D)40%.

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Definitions:

Developing Countries

Nations characterized by a low level of industrialization, limited access to modern technology, and lower standards of living and income.

Entrepreneurship

The process of designing, launching, and running a new business, which typically starts as a small business, such as a startup.

Price Supports

The term used to refer to price floors applied to farm commodities; the minimum price that the government allows farmers to receive for farm commodities like wheat or corn.

Economic Growth

An increase in the value of goods and services produced by an economy over time, typically measured as the percentage increase in real gross domestic product (GDP).