Consider the Following Data to Answer the Questions That Follow

question 10

Multiple Choice

Consider the following data to answer the questions that follow.

-Although countries C and D have the same level of GDP,country C has a level of per capita GDP that is ________ times that of country D.

• A) 2
• B) 3
• C) 4
• D) 5
• E) 10

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Definitions:

3%

An interest rate, tax rate, or other percentage that signifies a portion or rate out of a hundred.

Failure to File Penalty

A penalty imposed by tax authorities on taxpayers who do not file their tax returns by the due date.

Tax Liability

The total amount of tax that individuals or businesses are legally obligated to pay to a taxing authority.

Qualifying Child

A dependent child who meets specific IRS criteria concerning relationship, age, residency, support, and joint tax filing status, for tax benefits.