What is the percentage of income received by the upper quintiles on line K?
45
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According to the data in the table above, real GDP grew at a rate of ________ between year 1 and year 2
A) 10 percent B) 1 percent C) 50 percent D) 5 percent E) 55 percent
The advantages of the M-Form of firm organization is
a. divisions can respond more easily to change b. it is easier to maintain customer relationships c. there is less coordination across the firm's divisions d. all of the above
Markets will always create more efficient outcomes without government intervention
a. True b. False Indicate whether the statement is true or false
Which of the following explains why the government should not increase spending by the entire amount of the AD shortfall to move the economy to full employment?
A. The multiplier process will contribute to an additional increase in aggregate demand that will cause an inflationary gap. B. The price level is constant. C. The government can increase taxes to create an additional increase in aggregate demand. D. Price level changes will make up for the difference between the fiscal stimulus and the AD shortfall.