Overall income disparity can be measured by the
A. difference between GDP and GNI.
B. growth rate in real GDP.
C. Gini Index.
D. population growth rate.
Answer: C
You might also like to view...
How is the unemployment rate calculated? Include in your answer the process by which the U.S. Census Bureau classifies the data it collects in its Current Population Survey
What will be an ideal response?
A single-price monopoly is ______
A. inefficient because it converts consumer surplus to producer surplus B. inefficient because it produces too small an output and creates a deadweight loss C. efficient because buyers are paying a price equal to their willingness to pay D. efficient because it is the only producer of the good
The marginal revenue product is
a. the marginal product of labor divided by the output price. b. the marginal product of labor minus the output price. c. the additional revenue produced by one more unit of output. d. the marginal product of labor multiplied by the output price.
The impact of recession
a) is, in the aggregate, a more significant factor in social welfare than long run growth b) is more severe for professionals than for semi-skilled manual laborers c) is more severe for skilled workers than for unskilled workers d) causes larger declines in consumption among those aged 26 to 45 than among teenagers e) is most severe for the poorest members of society