14. Question 14 Services represent the fastest-growing sector of the global economy and account for two-thirds of global output. True False
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Economic growth rate gives a measure of the change in the level of output.TrueFalse
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Which of the following statements about multinational corporations is true? A) They invest heavily in the economies of the countries in which they set up factories. B) They are heavily taxed in the countries where they place factories. C) They experience stringent environmental regulations and occupational safety requirements in developing nations. D) They invest very little in the economies of the countries in which they set up factories. 2: True or False? Eighty-five percent of the profit from exported products ends up in the hands of the multinational corporations, bankers, traders, and distributors. 3: Which of the following is NOT true about the relationship between wealth and politics? A) The median net worth of a member of Congress is about $1.1 million, 12 times more than that of a typical American household. B) In 2016, ten individual donors provided $1.1 billion to political action committees prior to the election. C) The wealthiest 20% of the population receives under 15% of the overall savings from breaks in the U.S. tax code because most of the money goes to poor people. D) Americans earning over $1 million a year receive about $30 billion a year in federal grants and subsidies. True or False? There are only a few states in the U.S. – such as Massachusetts and New Jersey, where a full-time, minimum-wage job provides enough income to afford adequate housing. 28. True or False? Over the past four decades, incomes of the richest 1% of American households have grown 228%; during the same time, incomes for the bottom 20% have grown 83%. 29. True or False? The United States has the greatest income disparity between poor and wealthy citizens of any industrialized nation. 30. Which of the following is NOT true: A) About 0.13% of the world's population controls 25% of the world's financial assets. B) About 2.2 billion people in less developed countries live on the equivalent of less than $2.00/day. C) The wealthiest 20% of the world accounts for about 77% of all private consumption; the poorest fifth only 1.5%. D) 24% of the world's population (who live in developed countries) use 85% of its water. E) Since 2008, the wealth of the world's billionaires has increased by $2.5 billion a day while the poorest half of humanity saw their wealth decline by 11%.
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