According to the table above, ________ percent of total income is redistributed to the lowest income group

A) 4.7
B) 2.3
C) 1.5
D) 3.8

B

Economics

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The quantity of loanable funds demanded increases if the real interest rate falls, all other things remaining the same, because the real interest rate

A) is the opportunity cost of investment. B) is not related to the price of bonds and stocks. C) affects the supply of saving which, in turn, determines the quantity of investment. D) affects the quantity of saving supplied. E) determines the cost of living.

Economics

Bill's utility function takes the form U(I) = exp(I) where I is Bill's income. Based on this utility function, we can see that Bill is:

A) risk averse B) risk neutral C) risk loving D) He can exhibit two or more of these risk behaviors under this utility function.

Economics