If the poorest 80 percent of the population receives 75 percent of the income, then the
a. richest quintile receives 20 percent of the income
b. Lorenz curve lies on the diagonal
c. richest quintile receives 25 percent of the income
d. poorest quintile receives 25 percent of income
e. poorest quintile receives 75 percent of the income
C
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The table above shows the production possibilities for an economy
Drawing a PPF with books on the vertical axis and bread on the horizontal axis, a movement from possibility B to possibility C to possibility D shows the opportunity cost of ________ moving down along the PPF. A) books decreasing B) bread decreasing C) bread increases D) books is constant E) books and bread are both increasing
In the above figure, which curve indicates that the level of food production does not affect the population growth rate?
A) F B) G C) H D) I
Suppose that the conditional variance is var(ui|Xi) = ?h(Xi) where ? is a constant and h is a known function. The WLS estimator is
A) the same as the OLS estimator since the function is known B) can only be calculated if you have at least 100 observations C) the estimator obtained by first dividing the dependent variable and regressor by the square root of h and then regressing this modified dependent variable on the modified regressor using OLS D) the estimator obtained by first dividing the dependent variable and regressor by h and then regressing this modified dependent variable on the modified regressor using OLS
If you were told the MPC was = 0.75 and the government engaged in a tax decrease of $400B, then the initial change in GDP would be:
A. $300B. B. $400B. C. $1600B. D. $1200B