In the United States, the distribution of wealth
A) is the same as the distribution of income.
B) is more unequal than the distribution of income.
C) is more equal than the distribution of income.
D) is equal for all families.
Answer: B
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If peanut butter and jelly are complements, but peanut butter and tuna fish are substitutes,
a. an increase in the price of peanut butter will increase the demand for jelly. b. an increase in the price of peanut butter will decrease the demand for jelly. c. an increase in the price of peanut butter will decrease the demand for tuna fish. d. a decrease in the price of peanut butter will increase the demand for tuna fish.
Assume net exports are -$220, consumption is $5,000 . tax revenues are $1,000 . government purchases are $1,500, and 2003 GDP, calculated by the expenditure approach, is $8,000 . We can conclude that
a. private investment was $1,940 b. public investment was $310 c. private investment was $320 d. private investment was $1,720 e. public investment was $1,730