For the highest quintile, the share of market income going to that quintile is
A. equal to the other quintiles for after-tax income but greater for that quintile for before-tax income when compared to the other quintiles.
B. lower for after-tax income than for before-tax income.
C. higher for after-tax income than for before-tax income.
D. greater for that quintile for after-tax income when compared to the other quintiles but equal to the other quintiles for before-tax income.
Answer: B
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Calculate the current yield on a bond that has an annual interest payment of $200 and a resale price of $1,550. What is the relationship between bond prices and yield?
What will be an ideal response?
Competition among decentralized governmental units will
A) make it more difficult for citizens to satisfy their preferences with regard to the goods and services supplied by governments. B) result in wasteful duplication and inefficiency in production of governmental services. C) strengthen the incentive of governments to operate efficiently and cater to the views of citizens. D) evolve naturally because local governments will want to compete with each other.
National saving is saving by:
A. the entire economy. B. the government. C. households and firms D. households for retirement.
Assuming a long-run aggregate supply curve, an increase in the money supply results in ________ in output and ________ in price level.
A. a decrease; a decrease B. an increase; no change C. a decrease; no change D. no change; an increase