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Economics
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9. In Figure below, the poorest 60 percent of households have what percent of the nation’s total income.

 

a. About 37 percent

b. About 60 percent

c. About 63 percent

d. Precisely 100 percent

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Raushan Raj
Raushan RajLv8
1 Nov 2020

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Related questions

13. The closer the Lorenz curve for income is to the line of equality,

a. the larger is the nation’s total income.

b. the more equally are incomes distributed.

c. the smaller is the nation’s total income.

d. the larger the fraction of the nation’s income received by the richest families.

Which of the following describes the extent of international trade in the U.S. economy?

A. About 20 percent of U.S. manufacturing jobs depend directly or indirectly on exports.

B. Since 1950, US imports have increased from less than 5 percent of GDP to about 10 percent in 2016.

C. Exports have decreased from about 11 percent of GDP to about 4 percent in 2016.

D. Each year, the U.S. exports less than 10 percent of many agricultural crops such as rice.

E. Since 1950, U.S. exports have decreased and U.S. imports have increased.

The United States' economy is considered to be at full employment when:

A) 90 percent of the total population is employed. 

B) 90 percent of the labor force is employed. 

C) About 4-5 percent of the labor force is unemployed. 

D) 100 percent of the labor force is employed. 

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