Homework Answers
This statement is TRUE.
It is because US government offer subsidies to those having low income and impose taxes on the high income group. This will help in guaging the gap between the high and low income earner. Therefore, after adjust income will have low variance than before adjusted income.
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When income distribution data for the United States is adjusted for taxes and in-kind transfer payments...
Lorenz Curve The United Nations reports data on income distribution for different countries as a ratio...
Lorenz Curve The United Nations reports data on income distribution for different countries as a ratio of the income of the richest 10% to the income of the poorest 10%. If the ratio for Japan is 4.5 and the ratio for the United States is 15.9, which of the following statements is correct? a) This ratio is the slope of the Lorenz curve for each country. b) This is the same thing as the Gini coefficient. c) The distribution of...
Which of the following statements about income distribution in the United States is NOT true? Over...
Which of the following statements about income distribution in the United States is NOT true? Over the past several decades, the rich have grown richer. Over the past several decades, the middle class has grown faster than other classes. Over the past several decades, the poor have remained poor. The top 20 percent of earners capture over 50 percent of all income. The top five percent of American earners get nearly 22 percent of the country's adjusted gross income.
The Gini coefficient for the United States in 1980 was 0.403. In 2009, the coefficient was...
The Gini coefficient for the United States in 1980 was 0.403. In 2009, the coefficient was equal to 0.468. This means that Question 5 options: A) there was a decrease in the amount of government transfer payments from 1980 to 2009. B) cuts in federal income tax rates in the early 1980s and 2001 helped to reduce income inequality. C) per capita income in the U.S. rose from 1980 to 2009. D) income inequality increased from 1980 to 2009. Question...
QUESTION 1 Between 1774 and 1973, the distribution of wealth in the United States became more...
QUESTION 1 Between 1774 and 1973, the distribution of wealth in the United States became more equal as measured by the Gini coefficient slightly more unequal as measured by the Gini coefficient perfectly unequal perfectly equal QUESTION 2 When the Gini coefficient increases, income inequality increases income equality increases the slope of the Lorenz curve increases everyone is made better off QUESTION 3 An income distribution becomes more unequal as the Lorenz curve moves toward the bottom right corner of...
Government transfer payments act as automatic stabilizers because as labor income decreases, transfer payments a. decrease...
Government transfer payments act as automatic stabilizers because as labor income decreases, transfer payments a. decrease as well. b. increase. c. to the government increase. d. remain constant. For liberals, the United States has a(n) a. public sector that is too small. b. private sector that is too small. c. public sector that is too large. d. economy that is too heavily regulated. Ronald Reagan's presidency could be characterized as a period of a. passive monetary policy. b. active regulatory...
Help Gross Private Domestic Investment Personal Taxes Transfer Payments Taxes on Production and Imports Corporate Income...
Help Gross Private Domestic Investment Personal Taxes Transfer Payments Taxes on Production and Imports Corporate Income Taxes Personal Consumption Expenditures Consumption of Fixed Capital US Exports Dividends Government Purchases Net Foreign Factor Income Undistributed Corporate Profits Social Security Contributions US Imports Statistical Discrepancy $1,593 1,113 1,683 695 213 7,304 1,393 1,059 434 1,973 10 141 748 1,483 50 Refer to the accompanying national income data (in billions of dollars). Net private domestic investment is equal to Multiple Choice $1,793 billion....
The mean income per person in the United States is $35,500, and the distribution of incomes...
The mean income per person in the United States is $35,500, and the distribution of incomes follows a normal distribution. A random sample of 8 residents of Wilmington, Delaware, had a mean of $39,500 with a standard deviation of $8,200. At the 0.010 level of significance, is that enough evidence to conclude that residents of Wilmington, Delaware, have more income than the national average? State the null hypothesis and the alternate hypothesis. State the decision rule for 0.010 significance level....
The graph shows that before taxes Cumulative percentage of income after taxes 10 20 30 40...
The graph shows that before taxes Cumulative percentage of income after taxes 10 20 30 40 50 60 70 80 90100 Cumulative percentage of population the effect of taxes is to make the distribution of income less equal, O the effect of taxes is to make the distribution of income more equal. O before-tax income and after-tax income are both equally distributed O taxes are highly regressive.
Census data on the income distribution among families in the United States in recent years shows...
Census data on the income distribution among families in the United States in recent years shows Select one: a. both rich and poor people's incomes growing at approx. the same rate b. the rich getting an increase in income, but the poor getting even larger increases in income c. show the "poor" gaining in income relative to the rich d. the rich getting richer while the poor get relatively poorer e. the gap between rich and poor becoming narrower
Question 10 5 pts Social Problems, Chapter 2 The distribution of income in the United States...
Question 10 5 pts Social Problems, Chapter 2 The distribution of income in the United States over the past thirty years has become significantly more unequal. become significantly more equal. stayed about the same. changed to give the middle fifth of the population a significantly larger share. Question 2 5 pts Social Problems, Chapter 2 The authors of this text take the view that the social classes in U.S. society relate to one another in terms of dependence and exploitation....
QUESTION 1 Between 1774 and 1973, the distribution of wealth in the United States became more equal as measured by the Gini coefficient slightly more unequal as measured by the Gini coefficient perfectly unequal perfectly equal QUESTION 2 When the Gini coefficient increases, income inequality increases income equality increases the slope of the Lorenz curve increases everyone is made better off QUESTION 3 An income distribution becomes more unequal as the Lorenz curve moves toward the bottom right corner of...
Help Gross Private Domestic Investment Personal Taxes Transfer Payments Taxes on Production and Imports Corporate Income Taxes Personal Consumption Expenditures Consumption of Fixed Capital US Exports Dividends Government Purchases Net Foreign Factor Income Undistributed Corporate Profits Social Security Contributions US Imports Statistical Discrepancy $1,593 1,113 1,683 695 213 7,304 1,393 1,059 434 1,973 10 141 748 1,483 50 Refer to the accompanying national income data (in billions of dollars). Net private domestic investment is equal to Multiple Choice $1,793 billion....
The graph shows that before taxes Cumulative percentage of income after taxes 10 20 30 40 50 60 70 80 90100 Cumulative percentage of population the effect of taxes is to make the distribution of income less equal, O the effect of taxes is to make the distribution of income more equal. O before-tax income and after-tax income are both equally distributed O taxes are highly regressive.
Question 10 5 pts Social Problems, Chapter 2 The distribution of income in the United States over the past thirty years has become significantly more unequal. become significantly more equal. stayed about the same. changed to give the middle fifth of the population a significantly larger share. Question 2 5 pts Social Problems, Chapter 2 The authors of this text take the view that the social classes in U.S. society relate to one another in terms of dependence and exploitation....
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