The 'Goods and Services Tax' on sale of land and completed buildings is: MCQ with Answer and Explanation

Explanation:
The Palma ratio is the ratio of the income share of the richest 10 per cent of the population to that of the poorest 40 per cent; it focuses on the tails of the distribution that account for most inequality.

Explanation:
A large country can improve its terms of trade by restricting imports, thereby extracting some monopoly or monopsony rent; the optimal tariff balances this gain against the efficiency loss.

Explanation:
Developed economies are characterised by high per capita income, high level of industrialisation, low population growth and high capital formation.