11. Which of the following is an example of a regressive tax?
a) Income tax
b) Property tax
c) Sales tax
d) Value-added tax
12. The concept of “trickle-down economics” suggests that:
a) Economic growth benefits everyone in society
b) Economic growth benefits only the rich
c) Economic growth benefits only the poor
d) Economic growth has no impact on income distribution
13. Which of the following is an indicator of social development?
a) GDP per capita
b) Literacy rate
c) Inflation rate
d) Unemployment rate
14. The term “Human Capital” refers to:
a) Physical infrastructure
b) Natural resources
c) Education and skills of the workforce
d) Financial assets
15. Inclusive growth can be achieved by:
a) Reducing income inequality
b) Increasing government spending
c) Encouraging entrepreneurship
d) All of the above
