In determining the number of persons who are poor in the U.S. when calculating family income
A. only earnings are counted.
B. only earnings are counted, while cash transfers from the government are excluded.
C. money income, including cash transfers received from the government, is counted.
D. both earnings and the value of medical services, food stamps, and housing received are counted.
C. money income, including cash transfers received from the government, is counted.
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"The aggregate demand multiplier results in the aggregate demand curve shifting by more than any given initial change in expenditure." Is the previous statement correct or incorrect?
What will be an ideal response?
Which of the following is true about the occurrence of the twin deficits?
A) They occur consistently in all the economies of the world except the United States. B) They always occur together. C) They did not occur after 1990 in the United States. D) They only occur when exchange rates are fixed.
What is the purpose of the following figure?
What will be an ideal response?
If a firm faces a flat demand curve
A) it cannot engage in price discrimination. B) it can only engage in two-part tariffs. C) it can only engage in perfect price discrimination. D) None of the above.