According to the text, the highest 20 percent of U.S. income households earn about what percentage of total income today?
A) 10 percent
B) 20 percent
C) 50 percent
D) 95 percent
Answer: C
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According to the production possibilities model, if more resources are allocated to the production of physical and human capital, then all of the following are likely to happen except
A) the country's total production will fall. B) future economic growth is enhanced. C) the production possibilities frontier will be shift outward in the future. D) fewer goods will be produced for consumption today.
As a percentage of GDP, U.S. health care spending is:
A. higher than that for Germany and Japan but lower than that of the United Kingdom and Sweden. B. higher than for any other major industrial country. C. lower than that for Canada. D. nearly identical to that of the other major industrial nations.B