According to Thomas Rawls, the Distribution Principle States That the Most

question 61

True/False

According to Thomas Rawls, the distribution principle states that the most just distribution of wealth maximizes the wealth of the lowest income group.

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Definitions:

GDP

Gross Domestic Product, the total value of all goods and services produced within a country over a specified period, typically a year.

Imports

Goods or services brought into one country from another for sale.

Exports

Goods or services sent from one country to be sold in another country.

Consumption

The total value of all goods and services consumed by households, including durable goods, non-durable goods, and services.