Large young populations in developing countries reinforce economic growth by providing relatively inexpensive labor
Indicate whether this statement is true or false.
True
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Which of the following is true of a country where the median income is equal to the mean income?
A. The number of people with incomes lower than the mean is equal to the number of people with an income greater than the mean. B. The number of people with incomes lower than the mean is greater than the number of people with an income greater than the mean. C. The income earned by all elements of the population of the country is identical. D. The number of people with incomes lower than the mean is lesser than the number of people with an income greater than the mean. E. Exactly half the population's income is lower than the mean.
The federal budget acts as a component of fiscal policy by
A. stimulating the economy as deficits are reduced B. stimulating the economy as deficits are increased C. controlling the growth of the money supply D. changing the discount rate