Income mobility studies suggest that poverty
a. cannot be alleviated by privately sponsored anti-poverty programs.
b. cannot be alleviated by government sponsored anti-poverty programs.
c. is a long-term problem for a relatively large number of families.
d. is not a long-term problem for most families.
d
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In the late 2000s, which source of funds for corporations grew the most?
A) net new stock issues B) net new bond issues C) net new loans D) net new commercial paper
The rationing function of prices means that
A) government is responsible for setting the prices of basic foods. B) all goods and services are produced by large firms. C) businesses determine what goods consumers should purchase. D) buyers and sellers synchronize their decisions through the price system.
Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to save equal when real disposable income equals $1400?
A. 1.1 B. 0.7 C. 0.91 D. 0.09
Which of the following statements about the underground economy is true?
A) The underground economy in developing countries amounts to less than 10% of measured GDP. B) Most transactions that occur in the underground economy are included in the calculation of GDP. C) Excluding underground economy production from measured GDP causes errors in GDP growth estimates in the long run. D) Income that is earned but not reported as income for tax purposes is included in the calculation of GDP.