According to World System Theory, High-Income Nations Occupy Which Part

question 24

Multiple Choice

According to world system theory, high-income nations occupy which part of the capitalist world economy?

• A)the core
• B)the periphery
• C)the semi-periphery
• D)the boundary

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Definitions:

Federal Government's Tax Revenues

The income received by the federal government from taxes which can include income taxes, corporate taxes, and other kinds of taxes.

Personal Income Taxes

These taxes are levied on individuals' income by governments, including wages, dividends, and interest earnings.

Federal Personal Income Tax

A tax levied by the federal government of the United States on the income of individuals, including wages, salaries, and investment incomes.

Marginal Tax Rate

The rate at which an additional dollar of income is taxed, showing the percentage of tax applied to your next dollar of taxable income.