The populations income share falls

Assignment Help Business Economics
Reference no: EM13894158

Choose all that apply. Imagine an economy of 10 individuals. Their annual incomes are reported below. Imagine that $100 of Oprah’s income is transferred to Anna. What is true? John - $1000 Kitty - $800 Walter - $200 Steve - $500 Samuel - $800 Bob - $300 Salman - $700 Dora - $600 Anna - $100 Oprah - $900 1. the poorest 40% of the population's income share grows from about 13.6% to about 18.6%. 2. The poorest 20% of the population's income share grows from about 5.0% to about 6.8% 3. The richest 20% of the population's income share falls from about 32.2% to about 30.5%.

Reference no: EM13894158

Questions Cloud

Drug dealers and raises the costs of dealing illegal drugs : If the government tightens up on drug dealers and raises the costs of dealing illegal drugs, then the drug addicts' dollar expenditures to feed their addiction will tend to:
Think the methods of reimbursement contribute : The United States spends more on healthcare than many of the other countries but is not number one in the quality outcomes. Do you think the methods of reimbursement contribute to this outcome?
The gross domestic product : The gross domestic product (GDP) of the United States is defined as the ---------------, all --------------, ----------------- in a given period of time. Rajiv's employer as deigned him to provide consulting services to an Australian firm that's open..
Consider the demand for ramen noodles : Consider the demand for Ramen noodles. Suppose the price of Ramen noodles decreases. If Ramen noodles are a normal good, this will produce a _____ (choose: positive/negative) substitution effect and a ________ (choose: positive/negative) income effec..
The populations income share falls : Choose all that apply. Imagine an economy of 10 individuals. Their annual incomes are reported below. Imagine that $100 of Oprah’s income is transferred to Anna. What is true? John - $1000 Kitty - $800 Walter - $200 Steve - $500 Samuel - $800 Bob - $..
Why does america have a two-party system : Why does America have a two-party system?
An important factor in selling a residential property : An important factor in selling a residential property is the number of people who look through the home. A sample of 17 homes recently sold in the Buffalo, New York, area revealed the mean number looking through each home was 26 and the standard devi..
Confidence interval for the population mean : A sample of 49 observations is taken from a normal population with a standard deviation of 10. The sample mean is 55. Determine the 99% confidence interval for the population mean. (Round your answers to 2 decimal places.)
Suppose returns on an asset are normally distributed : Suppose the returns on an asset are normally distributed. Suppose the historical average annual return for the asset was 5.8 percent and the standard deviation was 14.4 percent. What is the probability that your return on this asset will be less than..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Illustrate what happens to output and the price level

Illustrate what happens to output, the price level, and the expected price level in both the short run and the long run.

  Among the following could not bar entry into an industry

Among which of the following could not bar entry into an industry. Firms prevent collusion among firms regulate natural monopolies correct the outcomes of positive and negative externalities in private markets.

  Two things-eating food and playing online multiplayer game

Dennis is only interested in two things, eating food and playing the online multiplayer game Globe of Gratuitous Violence (GoGV) – a close competitor to world of war craft. Dennis’s utility is given by the function € U(q f , qg ) = 0.25ln(qf ) + 0.75..

  Reduce in aggregate demand the price level

During the recession of 2001, despite the reduce in aggregate Demand the price level was essentially stable. That of the following is a reason for this.

  Robert katz identified three essential skills that manager

Which of the following is best defined as a consciously coordinated social unit, composed of two or more people, which functions on a relatively continuous basis to achieve a common goal or set of goals?

  Public interest when they failed to pass this proposal

In 2000, the SEC proposed new regulations that would limit consulting work by accounting firms. This proposal was not passed by Congress. Do you think the legislators were trying to act in the public interest when they failed to pass this proposa..

  What are the elements of negligence-anticipatory repudiation

What is anticipatory repudiation? Why is it important to be able to identify this type of a breach? How does it benefit the non-breaching party? What are the elements of negligence? What kind of damages is available under a negligence claim?

  Marginal propensity to import affect government multiplier

All else equal, in an open economy, how would an increase in the marginal propensity to import (MPI) affect the government purchases multiplier?

  What is the capitalized cost of the marina

An investor is considering the construction of a new marina on the Detroit river at a cost of $68m. M&O costs will average $80,000 per year for the first five years, and rise to $100,000 per year thereafter. A major overhaul costing $12m will be requ..

  Can you make a decision of what part of the business cycle

Can you make a decision of what part of the business cycle the U.S. economy is currently in? Why? What factors lead you to this conclusion? You may want to do additional research of sources to reach a conclusion.

  How much should bond pay you in one year

Suppose current interest rate is 5% and you pay $250 for a bond. How much should bond pay you in one year.

  Use the theory of transaction costs to justify protecting

Use the theory of transaction costs to justify protecting the following rights by injunction or damages: Suppose that two people choose to litigate a dispute. Should the law presume that if two parties are prepared to litigate, transaction costs must..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd