What Has Happened to the Proportion of the World's Population

question 33

Multiple Choice

What has happened to the proportion of the world's population living in abject poverty?

• A)The proportion of the world's population living in abject poverty has declined since the 1980s.
• B)Economic growth has increased so much that almost none of the world's population lives in abject poverty.
• C)The proportion of the world's population living in abject poverty has increased slightly.
• D)The proportion of the world's population living in abject poverty has increased substantially.
• E)The proportion of the world's population living in abject poverty has stayed the same.

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Definitions:

Net Pay

The amount of money an employee receives after deductions like taxes and social security charges are subtracted from the gross pay.

Laffer Curve

A representation of the relationship between rates of taxation and the resulting levels of government revenue that illustrates there can be an optimum tax rate that maximizes revenue.

Tax Revenues

The income that is collected by governments through taxation.

Progressive Tax

A tax in which the average tax rate rises with income. People with higher incomes will pay a higher percentage of their income in taxes.