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Economics

1. According to the Bureau of Labor Statistics, the distribution of consumer expenditures

a. has a HiLo ratio greater than income ratio.

b. has a HiLo ratio equal to income ratio.

c. has a HiLo ratio less than income ratio.

d. shows that the people in this country are not poor.

e. is not a good measure to show income equality.

2. If the negative income tax rate is set at 50 percent and the income floor is set at $5,000, a family that earns $3,000 would have a total income (including the income tax transfer) of

a. $5,000.

b. $3,000.

c. $2,500.

d. $6,500.

e. $8,000.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91299374

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