What is the approach that the U.S. Census Bureau uses to estimate the number of illegal immigrants living in the United States? How many illegal immigrants were estimated to reside in the United States in 2009?
What will be an ideal response?
The U.S. Census Bureau uses a residual approach to estimate the number of illegal immigrants living in the United States. The U.S. Census Bureau finds the current total number of all immigrants through Census surveys and subtracts the sum of the past annual inflows of legal immigrants. This difference generates a “residual” that is large, averaging about 250,000 illegal immigrants per year over the last several years. It is estimated that as many as 11.1 million immigrants were residing in the United States in 2011.
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The payment of wages by a firm is an example of:
A) an explicit cost of production. B) an implicit cost of production. C) an irreversible cost of production. D) a long-run cost of production.
The key variable in determining changes in a country's standard of living is the
A. unemployment rate. B. long-run rate of economic growth. C. inflation rate. D. interest rate.