Measurement of the official poverty level
a. includes all transfers
b. excludes all transfers
c. includes cash transfers but not in-kind transfers
d. includes in-kind transfers but not cash transfers
e. is always measured in real rather than nominal terms
C
Economics
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What is a free rider?
a) a person who will only purchase a product on sale b) a person who receives a benefit of a good but avoids paying for it c) a person who can produce a good at no extra cost d) a person who takes advantage of tax loopholes to lower his taxes
Economics
When one converts nominal GDP to real GDP, one takes into account which of the following?
A. changes in the distribution of income B. changes in the quality of goods C. changes in the population D. none of these
Economics