Since 1970 the United States' income distribution has become more equal
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Using the information in Table 6.2, the inflation rate from 2015 to 2016 is about
A) 4 percent. B) 5 percent. C) 17 percent. D) 31 percent.
The present value of $1,500 received 8 years in the future would be calculated as which of the following when the interest rate is 3%?
A) 1,500/(1.03)8 B) 8.03/1,500 C) 1,500 × 1.3 × 8 D) 1,500/(1.3)8
The sum of payments made for all types of products produced in the economy is referred to as national income
Indicate whether the statement is true or false
Which of the following is an accurate statement about the Great Depression?
(A) It was a recession that became a depression because of World War II. (B) It was the most severe economic downturn in the history of industrial capitalism. (C) It was set off because of a sharp and unexpected rise in interest rates. (D) Its effects and duration would have been even worse if it weren't for a strong economy in Japan and Europe at the time.