The Egalitarian Principle of Income Refers to

question 92

Multiple Choice

The egalitarian principle of income refers to

• A) each person being paid differently.
• B) each person receiving the same income.
• C) each person receiving tax breaks.
• D) each person working the same number of hours.

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Definitions:

U.S. Treasury Securities

U.S. Treasury securities are debt instruments issued by the United States Department of the Treasury to fund government spending activities.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period.

Public Infrastructure

The foundational facilities and systems serving a country, city, or area, including the services and facilities necessary for its economy to function, such as transportation, communication, sewage, water, and electric systems.

Public Debt

The total amount of money that a government has borrowed and not yet repaid, including both internal and external borrowings.