In the United States, the poorest 10 percent of households earns approximately what share of total income?
A. 50%
B. 10%
C. 2%
D. 20%
E. 5%
Answer: C
You might also like to view...
Bo is available and willing to work but has not actively looked for work in the past month. Bo is ________ of the labor force and is ________
A) part; counted as unemployed B) part; not counted as unemployed C) not part; not counted as unemployed D) not part; counted as unemployed only if he has had a job within the last 12 months E) not part; counted as unemployed regardless of whether or not he has had a job within the last 12 months
Which of the following is an example of a negative externality?
A. Bad weather reduces the size of the wheat crop. B. A reduction in the size of the wheat crop causes the income of wheat farmers to fall. C. Smoking harms the health of nonsmokers who are nearby. D. Smoking harms the health of the smoker. E. all of the above
Suppose that macroeconomic forecasters predict that the economy will be expanding in the near future. How might managers use this information?
What will be an ideal response?
To know whether the dollar is overvalued, we need to know
A) what foreign currency the dollar is being compared with. B) the real interest rate in the United States and the real interest rate in whatever country's currency the dollar is being compared with. C) the equilibrium exchange rate between the dollar and the foreign currency the dollar is being compared with. D) whether Federal Reserve monetary policy is expansionary or contractionary. E) There is not enough information to answer the question.