In 2014, what percent of the population lived under the official poverty line in the United States?
A. 11.3 percent, down from a near all-time high of 25 percent in 2000.
B. 14.8 percent, higher than a near all-time low of 3.11 percent in 2000.
C. 11.3 percent, down from a near all-time high of 14.8 percent in 2000.
D. 14.8 percent, higher than a near all-time low of 11.3 percent in 2000.
Answer: D
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Suppose real GDP for a country is $13 trillion in 2015, $14 trillion in 2016, $15 trillion in 2017, and $16 trillion in 2018. Over this time period, the real GDP growth rate is
A) increasing. B) decreasing. C) constant. D) negative.
Suppose the Federal Reserve desires to raise the level of planned investment in the economy
It either has to hope that an improvement in business confidence shifts the rate-of-return line to the ________ , or it has to take direct action by ________ the interest rate. A) right, raising B) right, lowering C) left, raising D) left, lowering
Which of the following best states the relationship between machinery and the earnings of labor?
a. Production of machinery creates jobs, thereby increasing the demand for (and wages of) labor. b. Output and real earnings can always be increased whenever a machine can be substituted for a function previously performed by labor. c. Machines tend to reduce the demand for labor, thereby reducing the earnings rate of labor. d. High productivity per worker hour is a necessary ingredient for the attainment of high real earnings, and adoption of labor-saving machinery enhances the ability of labor to attain such high productivity.
Ecological balance is the goal that assumes the global economy can achieve balanced economic conditions ___________________ .
A. Only if pollution is kept at zero B. Only if inflation is maximized C. Only if unemployment is minimized D. While maintaining a sustainable, living planet