The richest 10 percent of U.S. houses hold more than two-thirds of all wealth. The problem with this statement is that
A) it does not consider an individual's current income.
B) it does not consider private and public pension plans.
C) it is based entirely on nonhuman wealth.
D) it is based entirely on human wealth.
B
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GDP includes the goods and services produced
A) within a country's borders by citizens and by non-citizens minus the production abroad by the country's citizens. B) within a country's borders by citizens and by non-citizens. C) by a country's legal citizens regardless of where in the world they are located. D) by a country's citizens but not by non-citizens within the country's borders. E) within a country's borders by citizens and non-citizens plus goods produced abroad by the country's citizens.
The effectiveness of any stimulus program depends on:
a. the nature of the tax only b. the size of the tax and spending multipliers c. the nature of the tax and tax multipliers d. the income group targeted e. the marginal propensity to consume only