What is the poverty rate?
A) the percentage of households who qualify for government assistance to meet the minimal requirement for adequate nutrition
B) the percentage of working adults whose annual income is sufficiently low as to be are exempt from paying income taxes
C) the rate at which the number of people relative to the size of the population fall below the poverty line
D) the percentage of the population earning an annual income below the poverty line, according to the federal government's definition
D
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The lower half of income earners pay ________ of federal income taxes.
A. 1% B. 14% C. 2% D. 38%
Use the above figure. When it maximizes its economic profits, the monopolistically competitive firm depicted in the figure
A) is earning an economic profit. B) is earning an accounting profit. C) is earning an economic loss. D) must increase output to reduce the ATC.
Yield on a bond refers to:
a. the coupon-rate of the bond. b. the money earned by selling a bond. c. the return from a bond after its maturity. d. the difference between the face value of a bond and the bond price. e. the annual return until the bond matures.
If a county has 25 billion euros of imports, 15 billion euros of exports, and sells 20 billion euros of assets to foreigners, how many foreign assets do domestic residents purchase?
a. 5 billion euros b. 10 billion euros c. 30 billion euros d. None of the above are correct.