The inverse dependency ratio is defined as the ratio of:
A. The average number of dependents per head of household
B. The working-age population to the number of dependents
C. The number of dependents to the number of the total population
D. The number of parents and grandparents to the number of children
B. The working-age population to the number of dependents
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During the housing market and financial crises of 2007 and 2008, the Fed increased the volume of discount loans in an attempt to
A) reassure financial markets and promote financial market stability. B) stabilize prices and reduce the growing inflation rate. C) eliminate structural unemployment to lower the unemployment rate. D) attract foreign investment and stabilize interest rates.
When the value of money is on the vertical axis, an increase in the price level shifts money demand to the right
a. True b. False Indicate whether the statement is true or false
Answer the following questions true (T) or false (F)
1. If Gladys sells her 2003 Jeep Cherokee for $3,500 in 2018, the sale of her car contributes $3,500 to 2018 GDP. 2. The circular flow of income shows that GDP can be measured as the sum of wages, interest, rent, and profits received by households or total expenditures on goods and services by households, firms, government, and the rest of the world. 3. Government spending on transfer payments is included in government purchases when calculating GDP because it results in the production of new goods and services.
Financial intermediaries reduce individual risk because they pool the funds of savers
Indicate whether the statement is true or false