When poverty is defined by an absolute real income level what will happen to the poverty rate if income per capita in a country continues to grow?

Show more The graph which represents the distribution of income in an economy is called the A. Lorenz curve. B. distribution curve. C. aggregate demand curve. D. Laffer curve. In calculating income for the Lorenz curve one factor that is omitted is A. dividend payments. B. in-kind transfer payments from the government. C. capital gains income. D. pure economic rent. Which of the following are determinants of differences in income? A. discrimination B. age C. marginal productivity D. all of the above The age-earning cycle predicts that a typical person will A. be earning the highest income at about the age 45-50. B. be earning $50000 in the year 2010. C. be earning the highest income right before retirement. D. be earning the lowest income right before retirement. The rate of return that an individual anticipates receiving from Social Security is A. the proportional annual benefit that will result from paying into the system. B. a fixed sum that an individual anticipates the system will pay to heirs. C. a fixed sum that an individual expects the government will contribute to the system to keep it from collapsing. D. the proportional cost of the payments transmit to the system during an individuals lifetime. When poverty is defined by an absolute real income level what will happen to the poverty rate if income per capita in a country continues to grow? A. The poverty rate will eventually be zero. B. The poverty rate will never change. C. The poverty rate will increase forever. D. The poverty rate will increase and then decrease. Approximately how much of aggregate national income in the United States is spent on health care today? A. 2 percent B. 17 percent C. 7 percent D. 34 percent Once the national health care program goes into effect and more people will pay fewer of their health care expenses out of their own pockets than they didpreviously we can expect A. the quantity of health care services supplied will decrease. B. the quantity of health care services supplied will increase. C. the quantity of health care services demanded will increase. D. the quantity of health care services demanded will decrease. The effects of the national health care program on goods and services markets will A. consumers will pay lower prices for many goods and services. B. increase the marginal cost of the firm. C. increase the quantity produced of the firm. D. decrease the quantity demanded for all goods and services. The importance of international trade in the U.S. economy A. has been increasing and is expected to continue to increase. B. has been decreasing but is expected to start to increase. C. has been increasing but is expected to decrease in the future. D. has been decreasing and is expected to continue to decrease. Show less

Get 20% discount on your first order with us. Place an order and use coupon: GET20