The income distribution in the United States has O become more equal between 1968 and 2008. O become less equal between 1968 and 2008. not changed its degree of inequality between 1968 and 2008. changed so that the distribution in 1968 is no longer comparable to that in 2008.
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- what is the interpretation of the line item " net impact of repatriated international earning"? Why is it a positive reconciling item in some years but negative in other years?1. When the income-tax rate declines, as it did in the United States early in this decade, does the multiplier go up or down? Explain why. 2. Discuss the pros and cons of having a higher or lower multiplier.A higher level of national income is bad from a current account point of view Select one : True Or False
- 21. Gross domestic product. The U.S. gross domestic prod- Luct, in billions of current dollars, may be modeled by the function P(x) = 367 + x(36x0.6 – 104), where x is the number of years since 1960. (Source: U.S. Bureau for Economic Analysis.) Use P'(x) to estimate how much the gross domestic product increased from 2014 to 2015.QUESTION 13All else equal, suppose Country A has a higher level of economic mobility than Country B, which country would be more likely to have higher economic growth?a.Country Ab.Country Bc.There is no relationship between growth and economic mobilityd.It depends on what percentage of mobility is due to intergenerational mobility QUESTION 14The Lorenz curve shows the relationship between which of the following?a.Income inequality and GDP per capitab.Gini coefficients in one country over timec.The percentage of households and the percentage of income earned by those householdsd.Quintiles of income and average income of each quintile QUESTION 15Suppose a country has two sectors, A and B. Sector A uses more physical capital than B and workers are therefore more productive in sector A than in B. Suppose labor is freely mobile between the two sectors. An efficient allocation of labor requires that in equilibrium:a.sector A pays a higher wage than sector Bb.the marginal product in sector A…The Gini coefficient is a measure of the distribution of income across a population. TheGini coefficient, which was developed by the Italian statistician Corrado Gini in 1912, isoften used as a gauge of economic inequality, measuring income distribution or wealthdistribution among a population. Give your opinion on the following. a. Do you think economic inequality is an important issue in society? Explain youranswer. b. Is there a trade-off between equity (equality) and efficiency? Explain your answer. c. Which is more important: equity (equality) or efficiency? Explain.
- The following graph shows wages relative to the cost of capital in England and France from 1580 to 1830. Based on this information, which of the following statements is correct? 2.0 England France 0.5 0.0 1590 1600 1620 1640 1660 1680 1700 1720 1740 1760 1780 1800 1620 https://drive.google.com/file/d/idQU6uHp6drApgEm4Bm KARICZOSBU2XB/view?usp=sharing e O In the early 1800s, the nominal wage level was 50-70% higher in England than in France. O The rise in relative wage level in England would have encouraged innovations in more labour-intensive technologies. O The rise in the relative wage level in England is solely attributed to the rise in the absolute wage level. O On a graph with the number of workers on the horizontal axis and the amount of capital on the vertical axis, the graph for England represents a steepening of the isocost lines. Wages relative to the cost of capitalWhy have average trade sizes declined in recent years?According to the hecksher-ohlin model, when trade opens A. income is redistributed between countries but not within each country b. the abundant factor gains relative to the scarce factor in each country C. the scarce factor gains relative to the abundant factor in each country
- The following table shows an example of gross domestic product values for five countries from 2005 to 2010 in equivalent U.S. dollars (). a. How could you improve the readability of this table? b. The file GDPyears contains sample data from the United Nations Statistics Division on 30 countries and their GDP values from 2005 to 2010 in U.S. dollars (). Create a table that provides all these data for a user. Format the table to make it as easy to read as possible. Hint: It is generally not important for the user to know GDP to an exact dollar figure. It is typical to present GDP values in millions or billions of dollars.Filter the countries to display only the countries located in Africa. What are the topfive countries located in Africa according to GDP?Which of the following is an exogenous variable in the G&S market model? Select one: a. The domestic price level b. The GNP of the domestic country c. The GNP of the foreign country d. The unemployment rate in the domestic country e. The financial account balance
