In 2009, the top 1 percent of income earners
a. made about 13 percent of all income.
b. paid about 22 percent of all taxes.
c. made over 2.5 times the percentage of all income earned by the lowest quintile.
d. All of the above are correct.
d
Economics
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Explain why you would rather be a borrower during a period of unexpected rising inflation, and a lender during a period of unexpected declining inflation
What will be an ideal response?
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The only firms that do not have market power are
A) firms in perfectly competitive markets. B) firms in industries with low barriers to entry. C) firms that do not advertise their products. D) firms that sell identical products.
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