According to a 2016 CBO Study, What Was the Effective

question 11

Multiple Choice

According to a 2016 CBO study, what was the effective tax rate of the top 1% of households in 2016?

• A) 40%
• B) 33%
• C) 28%
• D) 16%

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Definitions:

GNPs

Gross National Products; the total market value of all the final goods and services produced in a country in a given year, plus the net income from foreign investments.

Developed Countries

Nations with a high level of economic development, technological advancement, and standard of living.

Human Population

The total number of human beings inhabiting a particular area or the world at a given time.

World's Population

The total number of humans currently living on Earth, a figure that continues to grow, impacting various aspects of global society.