Question

0.001% of the tax paying population have seen their income levels:

• A. Rise because of speculations in the Stock Market.
• B. Fall because of speculations in the Stock Market.
• C. Rise because of capitalist relations in the production process.
• D. Fall because of capitalist relations in the production process.

Hint:

In reading comprehension, look for specific terms like "capitalist relations" and "production process" to identify key reasons behind economic changes.

Answer 1

The Correct Option is C

Step 1: Understanding the passage.
The passage explains that the top 0.001% of income earners in the United States have seen a dramatic increase in their income. This rise is attributed to capitalist relations in the production process, rather than speculation in the stock market.
Step 2: Analyzing the options.
- (a) Rise because of speculations in the Stock Market: This is incorrect because the passage does not attribute the rise in income to stock market speculations.
- (b) Fall because of speculations in the Stock Market: This is incorrect, as it contradicts the information in the passage that highlights the rise, not a fall, in income.
- (c) Rise because of capitalist relations in the production process: This is correct. The passage attributes the rise in income to capitalist relations that concentrate wealth at the top.
- (d) Fall because of capitalist relations in the production process: This is incorrect, as the passage indicates a rise, not a fall.
Step 3: Conclusion.
The correct answer is (c), as the passage clearly states that the rise in income for the 0.001% is due to capitalist relations in the production process.