In 2000, the life expectancy in the U.S. was 76.9. The average life expectancy of the other 33 richest countries in the world was 79.2. Over _____ percent of the 2.3 year gap was due to external causes such as motor vehicle accidents, suicide, and homicide.
a. 10
b. 40
c. 50
d. 20
e. 30
c. 50
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The amount earned by owners of the nation's factors of production is
A) total income. B) private and government transfer payments. C) the wages and fringe benefits received by the nation's workers. D) all profits received by businesses.
Globalization has helped to significantly decrease income inequality in the United States
Indicate whether the statement is true or false
If asset A is a 30-year U.S. Treasury bond yielding 9 percent and asset B is a 30-year corporate bond issued by General Motors that also yields 9 percent, risk averse investors would
A) prefer asset A. B) prefer asset B. C) be indifferent between the two assets. D) differ according to their rate of time preference.
If fixed cost is $200,000 and variable cost is $30 per unit over the relevant range of output, when 10,000 units are produced, the average total cost will be:
a. $20. b. $30. c. $50. d. $70.