The official definition of poverty is
A) exactly the 12 percent of U.S. residents with the lowest incomes.
B) exactly the 20 percent of U.S. residents with the lowest incomes.
C) an absolute measure.
D) a relative measure.
D
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In July 2011, $1 was worth 45 Indian rupees and in July 2012, $1 was worth 55 Indian rupees. We can therefore conclude that
A) the Indian rupee depreciated. B) the Indian rupee appreciated. C) the U.S. dollar has depreciated. D) the value of the U.S. dollar has fluctuated.
As the baby boomers reached their prime working years, there was
A. No change in productivity. B. A decrease in average productivity. C. A decrease in total productivity. D. An increase in average productivity.
What is the IS relation? Explain why IS curve is downward sloping
What will be an ideal response?
Joe and Linda have the opportunity to purchase a new home. The house in Glen Oaks is currently worth $250,000 but is predicted to be worth $270,000 in a year. What is the rate of appreciation for the house from one year to the next?
A. 5 percent B. 6 percent C. 7 percent D. 8 percent