Which term refers to the percentage of the population who live below the poverty line?
a. Poverty rate
b. Near-poor
c. Poverty gap
d. Income class
a. Poverty rate
You might also like to view...
Goods that are similar but are not perfect substitutes are called ________ goods
A) differentiated B) homogeneous C) normal D) inferior
Economists measure the price level
A. by keeping track of nominal GDP. B. using a price index. C. by measuring the growth rate in money supply. D. by measuring the growth rate in real GDP.
A manager is attempting to assess the probability of a recession ending in the next six months, and its impact on expected profitability. The manager believes there is a 75 percent chance the recession will end in six months and profits will return to $400 million. However, there is a 25 percent chance the recession will not end in six months, resulting in a $5 million loss. The standard deviation of profits over the next six months is:
A. $320.18 million. B. $286.39 million. C. $0 million. D. $175.37 million.
Other things equal, the optimal number of immigrants will be greater, the:
A. greater the education and skill level of immigrants. B. lower the education and skill level of immigrants. C. higher the unemployment rate of the destination nation. D. greater the fiscal burden of each immigrant.