Which of the following accounts for the largest percentage of federal taxes?
a. gift taxes
b. social security tax
c. individual income taxes
d. corporate income taxes
c
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The table accompanying lists the joint distribution of unemployment in the United States in 2001 by demographic characteristics (race and gender)
Joint Distribution of Unemployment by Demographic Characteristics, United States, 2001 White (Y = 0) Black and Other (Y = 1) Total Age 16-19 (X = 0) 0.13 0.05 0.18 Age 20 and above (X = 1) 0.60 0.22 0.82 Total 0.73 0.27 1.00 (a) What is the percentage of unemployed white teenagers? (b) Calculate the conditional distribution for the categories "white" and "black and other." (c) Given your answer in the previous question, how do you reconcile this fact with the probability to be 60% of finding an unemployed adult white person, and only 22% for the category "black and other." What will be an ideal response?
Which of the following is an example of a capital good?
a. an artificial Christmas tree used by a family year after year b. a sweater worn by a sixth grade student c. electricity used by a household to heat a swimming pool d. a pencil used by a shopper making out a grocery list e. a shovel used by a construction worker