Which of the following was a problem with using the conventional press measure of income inequality during 1971 - 1998?
A. There was a rapid increase in the income-tax filings during the period between 1971 and 1998.
B. There was a rapid increase in the working-class population during the period between 1971 and 1998.
C. There was a rapid decrease in the income-tax filings during the period between 1971 and 1998.
D. There was a rapid decrease in the working-class population during the period between 1971 and 1998.
Answer: A
You might also like to view...
Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
Refer to Figure 2-11. What is the opportunity cost of producing 1 bolt of cotton in Pakistan?
A) 3/8 of a pound of cashews B) 5/8 of a pound of cashews C) 1 3/5 pounds of cashews D) 150 pounds of cashews
The slope of the consumption function is also known as
a. the consumption ratio b. the average propensity to consume c. autonomous consumption spending d. the marginal propensity to consume e. multiplying propensity to consume
Surplus refers to:
A. a way of measuring who benefits from transactions and by how much. B. the difference between the price the seller would have accepted and the actual sell price. C. the difference between the price the buyer would have paid and the actual price paid. D. All of these statements are true.