As the value of the Gini coefficient approaches zero
A) the percentage of the population under the poverty line decreases.
B) the percentage of the population under the poverty line increases.
C) income distribution becomes more unequal.
D) income distribution becomes less unequal.
D
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What is the real exchange rate?
a. It is the ratio of the domestic cost of a foreign basket of products compared to the cost of the same domestic basket of products. b. It is the exchange rate minus the rate of domestic inflation. c. It is the exchange rate plus the rate of domestic inflation. d. It is the original exchange rate that was in effect when the nations were on a gold standard.
Which of the following is false about potential output?
A. It is the level of output an economy can achieve when labor is employed at its natural level. B. It is the long run output level that guarantees price stability. C. If a country is producing its potential output, then it is producing at a point on its production possibilities frontier. D. It is also called the natural level of real GDP.