In 2016, ________ of the uninsured were younger than age 35
A) about 10 percent
B) less than one-third
C) over half
D) almost 85 percent
Answer: C
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The New Deal
A. may be summarized by these words: relief, recovery, and reform. B. introduced Medicare and Medicaid. C. succeeded in quickly extending the Great Depression. D. reduced the economic role of the federal government.
The best measure of the income households actually have available to spend is
A) national income. B) disposable personal income. C) personal income. D) net national income.
Compute the tax rates for the three taxpayers shown in Table 33.1. Then use the table to answer the indicated question.TaxpayerIncome (Dollars)Taxable Income (Dollars)Taxes Paid (Dollars)Effective Tax Rate(Percent)Nominal Tax Rate(Percent)1$200,000$100,000$6,000________%________%2100,00080,0008,000________%________%360,00048,00012,000________%________%In Table 33.1, the nominal tax rate for taxpayer 2 is
A. 8.0 percent. B. 12.5 percent. C. 25.0 percent. D. 10.0 percent.
Which of the following statement(s) is (are) false?
A) The current U.S. Secretary of Agriculture is Sonny Perdue. B) The U.S. economy represents a purely capitalistic system. C) The index most frequently used by economists to measure inflation is the CPI. D) Both B and C.