From 1970 to 2006, average real income for the top 5% of U.S. households
A) decreased by more than 10%.
B) remained virtually unchanged.
C) increased by about 5%.
D) almost doubled.
D
Economics
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What are the effects of an expansionary fiscal policy on interest rates and output in an open economy with floating exchange rates?
What will be an ideal response?
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Price elasticities of supply are always:
a. the same as price elasticities of demand. b. negative numbers. c. positive numbers. d. greater than one. e. increased when a tax is imposed.
Economics