The percentage share of income of the top quintile on curve X is
A. 27.
B. 45.
C. 55.
D. 73.
B. 45.
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Expenditures on human resources comprise about ¬¬¬¬_____ of federal expenditures
a. half b. one-third c. one-fourth d. two-thirds
The 19th Amendment:
A. establishes the right to bear arms. B. guaranteed women the right to vote. C. outlawed slavery. D. made sales of alcohol illegal.
Refer to the above production possibilities curves. Curve (a) is the current curve for the economy. Other things being equal, society's current choice of point P on curve (a) will:
A. entail a slower rate of economic growth than would the choice of point N. B. be unobtainable because it exceeds the productive capacity of the economy. C. allow it to achieve more rapid economic growth than would the choice of point N. D. entail the same rate of growth as would the choice of point N.
Which of the following would NOT be included in consumption expenditures when calculating GDP?
A. an individual's purchase of medical services B. an individual's purchase of newly issued shares of IBM stock C. an individual's purchase of a new car D. an individual's purchase of legal services