In the Unites States, the Gini coefficient was .403 in 1980 and .469 in 2010 . What information on income distribution can be derived from this data?
The closer G (Gini coefficient) is to 1 the greater the degree of income inequality. The information provided in the question indicates that the distribution of income has become less equal in the United States over the last 20-30 years.
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________ can trigger a recession
A) A decrease in autonomous expenditure B) An increase in autonomous expenditure C) An increase in induced expenditure D) Equality between aggregate expenditure and real GDP E) An increase in the expenditure multiplier
You are certain that the restaurant industry's normal rate of return is 12%. You would expect a(n) ________ normal rate of return for a soft drink manufacturing industry that people consider much less risky than the restaurant industry.
A. 12% B. risk free (the rate on government bonds) C. above 12% D. less than 12%
There will be long-run pressure on the price to rise whenever
A. P>ATC.
B. P
The excess burden of a tax is $5,000 and the tax revenue from this tax is $20,000. The total burden of this tax is
A. $4,000. B. $5,000. C. $15,000. D. $25,000.