Which of the Following Statements Is Correct

question 135

Multiple Choice

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.

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