The study by economists Cox and Alm found that the 2006 after-tax income of the richest fifth of U.S. households is

a. equal to the after-tax income of the poorest fifth.
b. 7 times the after-tax income of the poorest fifth.
c. 14 times the after-tax income of the poorest fifth.
d. 21 times the after-tax income of the poorest fifth.

c

Economics

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If marginal product is decreasing what can we say about what is happening to average product? Explain

What will be an ideal response?

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Which of the following is a recommended strategy to increase productivity of the private sector?

a. A reduction in government subsidies to producers b. An increase in business taxes c. An increase in government investment in risky projects d. An increase in the money supply e. An increase in subsidy on goods and services

Economics