Which demographic groups have the highest poverty rates?
What will be an ideal response?
African Americans and Hispanics have higher poverty rates than whites. Women who live in a household with no husband present have the highest incidence of poverty. Poverty rates of children are higher than average, while poverty rates of the elderly have fallen dramatically since the 1960s.
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What is measured on the horizontal axis on the aggregate demand graph?
A) nominal income B) real GDP per year C) unemployment D) the price level
The exchange rate changed from € 2.5/ $ to € 2.0/ $. Therefore:
a. The euro appreciated by 20% and the dollar depreciated by 20%. b. The euro depreciated by 20% and the dollar appreciated by 20%. c. The euro appreciated by 25% and the dollar depreciated by 25%. d. The euro depreciated by 25% and the dollar appreciated by 25%. e. The euro appreciated by 25% and the dollar depreciated by 20%.
Which of the following best describes the four sector model?
(a) Y=C-I+G+M-X. (b) Y = C -I - G - X + M. (c) Y = C + I + G + M - X. (d) Y = C + I + G + X - M.
The rate of return on an investment in medical education:
a. will increase with an increase in the availability of student loans. b. is inversely related to the number of years in the profession. c. is much higher than the rate of return on an undergraduate business degree. d. is inversely related to the length of time spent in formal schooling. e. is inversely related to income.