Suppose a negative income tax program is established at 25 percent, and a poverty threshold minimum of $15,000 is guaranteed for a family of four. If the family earns $10,000 through working, its total income would equal
a. $10,000
b. $15,000
c. $17,500
d. $22,500
e. $25,000
D
You might also like to view...
What is the expected dollar rate of return on dollar deposits if today's exchange rate is $1.10 per euro, next year's expected exchange rate is $1.165 per euro, the dollar interest rate is 10%, and the euro interest rate is 5%?
A) 10% B) 11% C) -1% D) 0% E) 15%
Declining real GDP for two quarters in a row is often called a recession
Indicate whether the statement is true or false
Holding money as a medium of exchange to purchase goods and services and make payments is known as the
A) spending demand for money. B) transactions demand for money. C) precautionary demand for money. D) asset demand for money.
Among the major industrial economies, which of the following had the lowest national debt as a percent of GDP?
a. Canada b. Australia c. United States d. Italy