When poverty is defined by an relative real income level, what will happen to the poverty rate if the distribution of income is NOT perfectly equal?
A) The poverty rate will increase forever.
B) The poverty rate will eventually be zero.
C) The poverty rate will always remain constant.
D) The poverty rate will change, but always exist.
Answer: D
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A gross estate is all of the taxable assets of a person at the time of death.
A. True B. False C. Uncertain
A corporation issues a three year bond with a coupon of $50 and a face value of $1000. Immediately after being issued, market interest rates decline to 4%. What is the price of the bond? Report your answer to the nearest dollar
What will be an ideal response?
For which of the following items is demand likely to be the most price elastic?
a. Tide liquid laundry detergent b. laundry detergent in general c. powdered laundry detergent d. liquid laundry detergent
Suppose the nominal interest rate is 10 percent, the tax rate on interest income is 28 percent, and the inflation rate is 6 percent. Then the after-tax real interest rate is -3.2 percent
a. True b. False Indicate whether the statement is true or false