How does the U.S. Census Bureau define a family?

(A) A father, mother, and children regardless of where they live.
(B) Two or more people related by birth, marriage, or adoption who live in the same housing unit.
(C) A group of people who live together and share the expenses of a single housing unit.
(D) All people who live in a housing unit regardless of relationship.


Ans: (B) Two or more people related by birth, marriage, or adoption who live in the same housing unit.

Economics

You might also like to view...

The demand curve for Widgets is given by QD = 6000 - 2y - 200p + 30pG, where QD is the quantity of widgets demanded, y is the per capita income and pG is the price of Gizmos. Compute the partial derivatives with respect to y and pG

What will be an ideal response?

Economics

An excise tax

A. is a sales tax on the purchase of a particular good or service. B. is a tax on the profits earned from the sale of an asset. C. represents a surcharge on corporate profits beyond the normal corporate tax rate. D. is a tax on income-earning rental property.

Economics

For a firm operating in a perfectly competitive industry, total revenue, marginal revenue, and average revenue are all equal

a. True b. False Indicate whether the statement is true or false

Economics

Public saving is the difference between _____ and _____

Fill in the blank(s) with correct word

Economics