Refer to the graph shown.
The bottom 20 percent of the families earn:
A. 20 percent of the income.
B. 17.3 percent of the income.
C. 6.6 percent of the income.
D. 10.7 percent of the income.
Answer: C
You might also like to view...
Suppose output is $35 billion, government purchases are $10 billion, desired consumption is $15 billion, and net exports are $4 billion. Then desired investment equals
A) $2 billion. B) $4 billion. C) $6 billion. D) $8 billion.
Suppose you hear of a great deal on a used car and wonder, "Why is the price so low?" This might be an instance of ________
A) tyranny of collateral B) adverse selection C) the free rider problem D) moral hazard
In a laborabundant country, free trade will cause a(n) __________ in the rental of capital and a(n) _________ in the marginal product of capital.
a. increase; increase b. increase; decrease c. decrease; decrease d. decrease; increase
Antidumping duties increase overall economic well-being in a country by protecting the domestic import-competing firms.
Answer the following statement true (T) or false (F)