Refer to the graph shown.
The poorest 25 percent of the families earn:
A. 36 percent of the income.
B. 19 percent of the income.
C. 6 percent of the income.
D. 64 percent of the income.
Answer: C
Economics
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The cross price elasticity of demand for a good x is the percentage change in the quantity demanded of good x in response to a given percentage change in
A) income. B) the price of good x. C) the price of good y. D) the quantity demanded of good y.
Economics
Neoclassical economists who focus on potential GDP as the primary determinant of real GDP argue that the long-run aggregate _______________ curve is located at potential GDP.
a. demand b. supply c. production d. labor
Economics