The balance of payments deficit is the amount by which the quantity supplied of a country’s currency (per year) exceeds the quantity demanded..
Answer the following statement true (T) or false (F)
True
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Official figures indicate that the percentage of persons below the poverty level in the U.S. is more today than it was in 1959
a. True b. False Indicate whether the statement is true or false
On a graph showing investment along the vertical axis and income along the horizontal axis, _____
a. the investment line will be downward sloping b. the investment line will be upward sloping c. the investment line will be horizontal d. the investment line will be vertical e. the investment line will be U-shaped
In a traditional economy, innovation is encouraged
a. True b. False Indicate whether the statement is true or false
In the Unites States, the Gini coefficient was .403 in 1980 and .469 in 2010 . What information on income distribution can be derived from this data?