A Gini coefficient of zero means that
A. the income is equally distributed.
B. one person has all the income and everyone else has nothing.
C. the income is split equally between the top 20% and the rest of the distribution.
D. all the income is received by the top 20% of families.
Answer: A
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The range of values in which we can be confident that the true regression coefficient lies within a given degree of probability is called a:
A) prediction interval. B) confidence interval. C) logistic regression. D) none of the above.
In the short run, when the economy is at equilibrium, there (2)
What will be an ideal response?
A White House proposal to lower business taxes by increasing tax deductions is an example of:
A. expansionary fiscal policy. B. contractionary fiscal policy. C. automatic stabilization. D. progressive taxation.
For the recessions in the United States since the 1950s
A) cyclical unemployment has been nonexistent. B) unemployment rises on average by about 1.2 percentage points during the 12 months after a recession begins. C) unemployment falls on average by 2 percentage points during the 12 months after a recession begins. D) unemployment rises on average about 5 percentage points during the 12 months after a recession begins.