Solution-Overstate standards of living

Overstate standards of living

Assignment Help Business Management

Reference no: EM131048907

Every year, the U.S. Census Bureau conducts an income survey of about 60,000 American families that are carefully selected to represent the whole population. The data collected are used to measure income inequality.

Which of the following is a reason that census data may not provide an accurate measure of standards of living?

- Census data overstate standards of living because noncash transfers are counted as income.

- Consumption is a better indicator than income of standards of living.

- Census data indicate income shares only for families, not households.

Reference no: EM131048907

Questions Cloud

The identity of the third party : the identity of the third party?

Policies and arrangements concerning directors : The Companies (Summary Financial Statement) Regulations 2008 provides that The summary financial statement ...must include a statement in a prominent position to the effect that the summary financial statement does not contain sufficient informati..

Start looking for a different one : Wolfgang loves his rich wife but hates his boring job. He quits his job and start looking for a different one. Some jobs are available in his area of expertise, but it will take time for him to find them. During the time he is searching, he is cha..

Modern commercial world auditors provide numerous : In the modern commercial world, auditors provide numerous other services to complement their audit work. These services include the following: (a) Accountancy and book-keeping assistance, e.g. in the maintenance of ledgers and in the preparation o..

Overstate standards of living : Which of the following is a reason that census data may not provide an accurate measure of standards of living? - Census data overstate standards of living because noncash transfers are counted as income.

How to parse and interpret a pascal program definition : How to parse and interpret a Pascal program definition - how to parse and interpret compound statements?

Maximize profit in the face of uncertainty : 2. There is no market supply curve in: 3. To maximize profit in the face of uncertainty, firms should produce the output where:

Potential gdp and labour market diagrams : Discuss how each of these options will affect wages and labour productivity, potential GDP and real GDP. Will they lead to growth in real GDP and rises in real GDP per capita? use the potential GDP and labour market diagrams in your answer.

Fixed proportions production function : Suppose wanda´s widgets has a fixed proportions production function. It currently delivers 1000 widgets per month to its only customer. Currently, wanda´s costs are $2000 per month per machine and $4000 per month per worker.

User Account

All Pages

Overstate standards of living

Reference no: EM131048907

Reference no: EM131048907

Questions Cloud

Reviews

Write a Review

Business Management Questions & Answers

Identifying the organization pr issues

Details regarding organizational change

Explain environmental policies and sustainability

Explain customs service confiscated some goods

Public administration

Ethical reasoning in businessethical reasoning has no place

Characteristics of different grades of studentsexplain what

Should the new team leader cultivate and why

The recent explosion of information technologies

Employment practices liability insurance eplian hr

Four elements of the mcdonald''s organization chart

Wal-mart location planning response to local negative

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT