Relative poverty refers to
A) how a family's income compares to the incomes of those around them.
B) poverty levels at a stated income cutoff.
C) the number of poor in one state relative to another.
D) none of the above.
A
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If the required reserve ratio is 15 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the M1 money multiplier is
A) 2.5. B) 1.67. C) 2.3. D) 0.651.
Economists use the price index to eliminate year-to-year changes in GDP due solely to changes in: a. the exchange rate
b. the unemployment rate. c. fiscal spending. d. consumer demand. e. the price level.
When farmers take part in the soil-bank program, they receive
a. additional allotments of acreage in the future b. income, including government subsidies, for goods produced on that land c. payments for producing nothing on the acres put into the soil bank d. preferential tax treatment e. residential property tax credits
The working-age population is defined as the number of people
What will be an ideal response?