The richest 20 percent of individuals in the United States receive about ________ of the nation's total income
A) 21 percent B) 23 percent C) 91 percent D) 51 percent E) 99 percent
D
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Refer to the above figure. Autonomous consumption is
A) only at point A. B) to the left of point B. C) only at point B. D) to the right of point B.
Two countries, Rhodia and Rubium, have identical production functions of the form:
Y = A × K0.25 × H0.75 Both countries have the same amount of capital stock and use the same technology. However, the total efficiency units of labor available in Rhodia is higher than that in Rubium. Which of the following is likely to be true in this case? A) The poverty rate in Rhodia is likely to be higher than that in Rubium. B) The gross domestic product of Rhodia is higher than that in Rubium. C) The gross domestic product of Rubium is higher than that in Rhodia. D) The Human Development Index of Rhodia is lower than that of Rubium.