In 2013, the top 10% of wealth holders owned ________ of the nation's wealth.
A. 25.5%
B. 54.5%
C. 75.3%
D. 92.9%
Answer: C
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How does the use of adjustable-rate mortgages affect interest-rate risk?
A) It reduces the interest-rate risk of lenders. B) It reduces the interest-rte risk of borrowers. C) It reduces the interest-rate risk of both lenders and borrowers. D) It increases the interest-rate risk of both lenders and borrowers.
Interest rate ceilings resulted in great profitability for banks in the 1970s
a. True b. False Indicate whether the statement is true or false
Assume the natural rate of unemployment in the U.S. economy is 5 percent and the actual rate of unemployment is 9 percent. According to Okun's law, the negative GDP gap as a percentage of potential GDP is
a. 2 b. 4 c. 6 d. 8 e. 10
Firms that operate in perfectly competitive markets try to
a. maximize revenues. b. maximize profits. c. equate marginal revenue with average total cost. d. All of the above are correct.