Which of the following countries has the highest Gini ratio, as of 2011?
A. Italy.
B. United States.
C. South Africa.
D. Mexico.
Answer: C
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In a certain economy, the components of aggregate spending are given by: C = 100 + 0.9(Y - T) - 500rI = 150 - 1,000rG = 200NX = 50T = 100 Given the information about the economy above, what would be the impact on short-run equilibrium output of a one-percentage-point decrease in the real interest rate from 6 percent to 5 percent?
A. Short-run equilibrium output would decrease by 150 units. B. Short-run equilibrium output would increase by 150 units. C. Short-run equilibrium output would decrease by 1,500 units. D. Short-run equilibrium output would increase by 15 units.
An increase in the money supply causes the interest rate to fall, investment spending to rise, and aggregate demand to shift right
a. True b. False Indicate whether the statement is true or false
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2. B. P2 and Y3. C. P3 and Y1. D. P2 and Y2.
If a straight line passes through the point x = 12 and y = 4 and also through the point x = 4 and y = 8, the slope of this line is
A) negative 8 divided by 4. B) seven tenths. C) negative one half. D) one -and one half.