(Consider This) According to economists Krueger and Perri:
A. despite the fact that income inequality has increased in recent decades, consumption
inequality has remained relatively constant.
B. increases in income inequality over recent decades understate the growth in consumption
inequality.
C. both income and consumption inequality have increased at approximately the same rate
over recent decades.
D. both income and consumption are more equally distributed than they were 30 years ago.
Answer: A
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In comparing the magnitudes of the components of GDP according to the expenditure approach, we see that in the United States
A) government expenditure on goods and services is the largest category. B) investment is the largest category. C) investment is much larger than government expenditure on goods and services. D) investment is less than government expenditure on goods and services. E) investment, government expenditure on goods and services, and consumption expenditure are all about the same size.
The slope of a downward-sloping straight line can be calculated as the distance from the
a. horizontal intercept of the line to the origin divided by the distance from the origin to the vertical intercept of the line. b. origin to the horizontal intercept of the line minus the distance from the origin to the vertical intercept of the line. c. vertical intercept of the line to the origin divided by the distance from the origin to the horizontal intercept of the line. d. vertical intercept of the line to the origin minus the distance from the origin to the horizontal intercept of the line.
The true burden of a payroll tax has nothing to do with the percentage of the tax that employers are required to pay
a. True b. False Indicate whether the statement is true or false
The two traumatic events which disrupted China's economic development in the late 1950s and mid-1960s were the _________________________ and the _________________________.
Fill in the blank(s) with the appropriate word(s).