All of the following would show a more equal distribution than the distribution of money income EXCEPT
A) total income.
B) after-tax income.
C) wealth.
D) lifetime earnings.
Answer: C
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According to the Fisher effect, if a lender and a borrower would agree on an interest rate of 8 percent when no inflation is expected, they should set a rate of _______ when an inflation rate of 3 percent is expected
a. 2 percent b. 5 percent c. 8 percent d. 11 percent
Three equivalent ways to measure GDP are total ________, total ________, and total ________.
A. profits; production; saving B. production; income; expenditure C. investment; consumption; saving D. expenditure; income; profits
In perfect competition, marginal revenue
A) increases as more is sold. B) decreases as more is sold. C) is equal to the market price. D) is zero. E) is always greater than marginal cost.
Which would be least likely to cause the production possibilities curve to shift to the right?
a. An increase in the labor force. b. Improved methods of production. c. An increase in the education and training of the labor force. d. A decrease in unemployment.