Over the past 110 years, real GDP per person in the United States has grown at an average rate of about ________ per year
A) 1 percent
B) 2 percent
C) 5 percent
D) 10 percent
E) 7.5 percent
B
Economics
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When the Lorenz curve shifts closer to the diagonal, it indicates that
a. the rich are getting richer and the poor are getting poorer b. total income is rising c. the distribution of income is becoming more equal d. the population is decreasing e. the prices of goods that make up the Lorez curve are rising
Economics
Positive economics
A. does not depend on market interactions. B. only looks at the best parts of the economy. C. examines how the economy actually works (as opposed to how it should work). D. is very subjective.
Economics