The two standard ways of defining poverty thresholds are
a. percentage of median income and basic needs
b. number of poor and quintiles
c. unearned income of the poor and and welfare
d. ratio of the poor's wealth and ratio of the poor's income
e. below minimum wage income and above minimum wage income
A
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Assume that the required reserve ratio is 10%. An increase of $1,000 in the banking system's excess reserves may result in a total expansion of new deposits for the banking system as a whole by as much as
A) $1,000. B) $9,000. C) $10,000. D) $100,000.
Refer to the data. A 10 percent proportional tax on income would:
Answer the question on the basis of the following before-tax consumption
schedule for an economy:
A. affect neither the size of the multiplier nor the stability of the economy.
B. increase the size of the multiplier and make the economy more stable.
C. increase the size of the multiplier and make the economy less stable.
D. reduce the size of the multiplier and make the economy more stable.