The percentage of American families with incomes below the poverty line was ________ in 1960 and ________ in 2010

A) 10.1%; 10.7%
B) 8.7%; 13.9%
C) 18.1%; 11.8%
D) 26.8%; 48.3%

C

Economics

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Market barriers imposed on national banks:

a. included both restrictions on mortgages and high capital requirements. b. allowed rural banks to charge higher rates. c. allowed national banks to price discriminate. d. All of the above are correct. e. Only a and b are correct.

Economics

Suppose a consumer's utility function is U(F0, F1) = F00.5F10.5, where F0 represents food consumed this year and F1 represents food consumed next year. For that utility function, the marginal utility of food consumed this year is 0.5 × (F1/F0)0.5 and the marginal utility of food consumed next year is 0.5 × (F0/F1)0.5. Suppose the consumer earns $100 this year and nothing in the next, food costs $1 per unit in both years, and the interest rate is 10%. How much does she spend this year, and how much does she save?

A. She spends $45 this year and saves $55. B. She spends $50 this year and saves $50. C. She spends $55 this year and saves $45. D. She spends $95 this year and saves $5.

Economics