Measured distributions of wealth that do not consider the role of human capital
A) are more equal than the distribution of income.
B) overstate the inequality in wealth distribution.
C) are more equal than the distribution of consumption.
D) understate the inequality in wealth distribution.
B
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If you make dinner for yourself,
A) the market value of your dinner is added to GDP. B) your service in preparing the meal is valued at a cook's wage and added to GDP. C) none of what you bought to prepare for dinner is included in GDP. D) only the market value of ingredients that you purchased this year is added to GDP. E) the difference between the cost of the ingredients that you purchased this year and the market value of the dinner is added to GDP.
In the figure above, 10 percent of income in country C is distributed to the
A) richest 10 percent of the households. B) poorest 10 percent of the households. C) poorest 30 percent of the households. D) poorest 70 percent of the households.
Over time, people in the United States and other high-income countries have, on average, become taller, which is an indication that their nutritional status has improved
Indicate whether the statement is true or false
The principle that trade can make everyone better off applies to
a. individuals. b. families. c. countries. d. All of the above