According to the table above, ________ percent of total income is redistributed to the lowest income group
A) 4.7
B) 2.3
C) 1.5
D) 3.8
B
You might also like to view...
A classical economist believes that
A) if the economy was left alone, it would rarely operate at full employment. B) the economy is self-regulating and always at full employment. C) the economy is self-regulating and will normally, though not always, operate at full employment if monetary policy is not erratic. D) the economy is self-regulating and will normally, though not always, operate at full employment if fiscal policy is not erratic.
Barriers to entry enable many monopolists to
A) charge as high a price as they want. B) make people buy more of a good than they really want. C) earn economic profits in the long run. D) manipulate the government into providing special favors for themselves.
Which of the following statements is true?
a. The doctrine of laissez-faire advocates an economic system with extensive government intervention and little individual decision-making. b. In capitalism income is distributed on the basis of need. c. Adam Smith was the father of socialism. d. Most real-world economies are mixed economic systems. e. The "invisible hand" refers to government economic control.
In November 1995 the labor force in Aberdeen, South Dakota, was 14,800 . There were 14,483 persons employed. The local unemployment rate:
a. was 1.2 percent. b. was 2.1 percent. c. was 5.6 percent. d. was 7.1 percent.