Which of the following statements is correct? In 2014,
a. real income per person in the U.S. was about 4 times that in China.
b. real income per person in China was more than 2 times that in India.
c. the typical resident of India had less real income than the typical resident of England in 1870.
d. All of the above are correct.
d
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If the CPI at the end of last year was 100 and the CPI at the end of this year was 115, the inflation rate was
A) 1.5 percent. B) 15 percent. C) 100 percent. D) 115 percent.
There was a silver lining during the Great Depression. Compared to other periods in U.S. history, this period was one of the most technologically advanced
Indicate whether the statement is true or false
If a widow is harmed by mail fraud,
a. she may be compensated under property law b. her legal action will be in the category of antitrust law c. she may be compensated under tort law d. this is a potential Pareto improvement e. an economic inefficiency has arisen
The highest-income fifth of the U.S. population earns more than 50 percent of all income.
Answer the following statement true (T) or false (F)