If the U.S. Gini coefficient increased from 0.4 in 1970 to 0.6 in 1990, what would be most accurate?
a. Income inequality increased in the U.S
b. Per capita income increased in the U.S
c. Both income inequality and per capita income increased
d. Income inequality decreased
e. The growth rate of income increased
a. Income inequality increased in the U.S. (Gini coefficient is a measure of income inequality. The higher it is, the more unequal the income.)
Economics
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In the figure above, the minimum price that must be offered for the 5,000th pizza a day to be produced is
A) $6. B) $10. C) $8. D) $2. E) $4.
Economics
Who among the following list of people is an early 20th century economist from Yale University who wrote the book The Theory of Interest?
A) Gustav Cassel B) Irving Fisher C) David Ricardo D) Paul Krugman E) Israel Kirzner
Economics