The Lorenz curve shows what portion of total money income is accounted for by
A) different proportions of a country's households.
B) only the wealthiest citizens.
C) only poor people.
D) taxpaying citizens only.
A
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Who is counted as employed or unemployed in the unemployment statistics? What groups in society are not represented at all in the unemployment statistics (i.e., who is not a part of the civilian labor force)? How is the unemployment rate measured?
If a nation's currency appreciates in the short run its net exports and aggregate demand are most likely to change in which of the following ways?
a. decrease; decrease b. decrease; increase c. increase; decrease d. increase; increase e. no change; decrease
Which of the following programs is the largest federal income transfer program?
A. Welfare. B. Food stamps. C. Social Security. D. Unemployment compensation.
The earnings of which of the following resources comprises entirely of economic rent?
a. Unskilled labor b. Coal c. Timber d. Water e. Biomass