In the United States, the distribution of wealth
A) is the same as the distribution of income.
B) is more unequal than the distribution of income.
C) is more equal than the distribution of income.
D) is equal for all families.
Answer: B
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If the government were to increase its spending, it would expect:
A. aggregate demand to shift to the right. B. aggregate demand to shift to the left. C. aggregate supply to shift to the right. D. aggregate supply to shift to the left.
If the cost of a typical basket of goods in the U.S. is $100 and in Mexico it is 800 pesos, and the nominal exchange rate is 25 pesos per dollar, what is the real exchange rate?
A. 1.33. B. 3.13. C. 0.33. D. 1.50.
Which of the following is far more likely to be an important part of actual production in the Sudan than it is in the United States?
A. Government deficit spending B. Non-market transactions C. Underestimating saving D. All of the options are correct
What "balances" in the Balance of Payments accounting system are:
A. the physical and monetary direct transfers among individuals. B. the current account and the capital account. C. aggregate consumption and government spending. D. physical investment and ephemeral investment.