Answer the following statements true (T) or false (F)
1) In the United States since 1975, the poor have gotten poorer and the rich have gotten richer in both relative and absolute terms.
2) The top 20 percent of U.S. income earners receive nearly 80 percent of total U.S. income.
3) Currently over 90 percent of all workers in the United States are covered by Social Security.
4) Unemployment compensation is financed by taxes levied on employers.
5) TANF stands for Temporary Assistance for Needy Families.
1) F
2) F
3) T
4) T
5) T
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A term that means "all other things unchanged" is:
A) dependent variable. B) independent variable. C) quid pro quo. D) ceteris paribus.
Refer to Table 9-11. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2011 is the base year, then what is the CPI for 2016?
A) 40.08 B) 100 C) 180 D) 208