Use the Following to Answer Question(s): Income Distribution in the United

question 30

Multiple Choice

Use the following to answer question(s) : Income Distribution in the United States

-When people with similar economic characteristics experience different economic outcomes because of their race, sex, or other noneconomic characteristics the result is:

• A) uncertainty.
• B) discrimination.
• C) efficiency.
• D) marginality.

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Definitions:

Social Security Payments

Government transfers to eligible retirees, disabled workers, and survivors to provide them with income support.

Property Taxes

Taxes levied by local governments on real estate based on the property's value, and sometimes on personal property.

Tax Burden

The total amount of taxes that individuals, corporations, or other entities are legally obligated to pay to governmental authorities.

GDP

Gross Domestic Product; the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.