Which statement about U.S. poverty rates is true?
a. Poverty rates decreased during the 1960s.
b. Poverty rates were at their lowest in 2011.
c. Poverty rates increased during the 1970s.
d. Poverty rates decreased significantly in 2013.
a. Poverty rates decreased during the 1960s.
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The income-expenditure identity for a closed economy is:
A. Y = C + I + G. B. Im ? Ex = C + I. C. Y = C + I + G + NX. D. Y + G = C + I ? NX.
Disposable income is defined to be:
A. total income minustaxes. B. total income plus taxes. C. total income minus depreciation. D. All of these are true.
In the 1990s, the Danish government passed laws tightening eligibility requirements for receiving unemployment benefits. What happened in Denmark as a result of this policy change?
a. The size of the labor force declined b. The unemployment rate decreased c. More teenagers entered the labor force d. The wage rate increased e. The natural rate of unemployment increased
An increase in the price of the good measured on the vertical axis of a budget line diagram will
a. cause a parallel outward shift of the budget line b. leave the budget line unchanged c. cause a parallel inward shift of the budget line d. make the budget line flatter e. make the budget line steeper