Bailey is married with no children. Based on the table showing income distribution in the United States in 2017, if Bailey earns $200,000 per year, what is the minimum amount her husband would have to earn to put them in the top 5% of earners?
a. $33,557
b. $54,620
c. $61,508
d. $145,380
c. $61,508
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The Federal Reserve entity that makes decisions regarding the conduct of open market operations is the
A) Board of Governors. B) chairman of the Board of Governors. C) Federal Open Market Committee. D) Open Market Advisory Council
If the quality of a good deteriorates while its price remains the same, then the value of a dollar
a. rises and the cost of living increases. b. rises and the cost of living decreases. c. falls and the cost of living increases. d. falls and the cost of living decreases.
The Lorenz curve
A. shows what portion of the population are living in poverty and what portion are living in wealth. B. shows what portion of the population is working as professionals, white- and blue-collar, workers and workers at menial tasks. C. breaks down the income levels of each group in the economy. D. shows what portion of total money income is accounted for by different proportions of the nation's households.
The investment demand curve indicates that there is a(n):
A. positive relationship between the real interest rates and the level of investment spending, all other things equal. B. inverse relationship between the real interest rates and the level of investment spending, all other things equal. C. inverse relationship between the determinants of investment and the level of investment spending, holding interest rates constant. D. direct relationship between the real interest rates and the level of investment spending, all other things equal.