Which of the following is true about poor populations?
A. There are more poor whites than poor blacks.
B. The poor are more likely to be children than the elderly.
C. The poor are disproportionately black and Hispanic.
D. All of the options are correct.
Answer: D
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If a macroeconomist studying the causes of unemployment suspects that changes in technology might play a role, then this macroeconomist is at which step in the process of developing an economic model?
A) Identify the exogenous variables. B) Identify the endogenous variables. C) Compare the model with the data. D) Conduct prediction and policy analysis. E) Develop a model.
The largest single source of revenue for the federal government is the
a. corporate income tax. b. federal excise tax. c. personal income tax. d. Social Security tax.