The distribution of income in the United States
a. became slightly more equal during the 1980s.
b. did not change significantly during the 1980s.
c. has become more unequal since 1980.
d. has become more equal since 1980.
c
You might also like to view...
If consumption was 70 percent of GDP and investment and government expenditure were both 18 percent each, then we see that
A) exports must be less than imports. B) exports must be more than imports. C) the error is due to rounding. D) we must subtract depreciation from investment so that the components of GDP do not exceed 100 percent. E) GDP can be over 100 percent because it is "gross" rather than "net."
Transfer payments are ________.
A. excluded when calculating GDP, because they do not reflect current production B. excluded when calculating GDP, because they only reflect inflation C. included when calculating GDP, because they are a category of investment spending D. included when calculating GDP, because they increase the spending of recipients
The "home" equilibrium will provide the highest level of consumer satisfaction from domestic resources whenever:
a. the marginal products of labor are equal. b. capital and technology are not factors in the decision of what to produce. c. perfect competition in product and labor markets exists. d. Adam Smith's "invisible hand" is not an interfering factor.
As a result of the given transactions, reserves in the banking system will:
Answer the question on the assumption that the legal reserve ratio is 20 percent. Suppose that the Fed sells $500 of government securities to commercial banks (paid for out of commercial bank reserves) and buys $500 of securities from individuals, who deposit the cash in checking accounts. A. remain unchanged. B. rise by $100. C. fall by $100. D. rise by $1,000.