The US Median Household Income in 2013 Was About $65,000

question 179

True/False

The U.S. median household income in 2013 was about $65,000.

Understand the influence of economic incentives on individual's choices, including work, education, and consumption.

Understand the historical trends in federal spending on defense and healthcare.

Comprehend the total government spending as a percentage of the U.S. economy.

Recognize the changes in real federal spending per person over time.

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Definitions:

Thyroid

A gland in the neck that produces hormones regulating growth and metabolism.

Autonomic Nervous System

A part of the nervous system that controls involuntary functions in the body, such as heart rate, digestion, and respiratory rate.

Somatic Nervous System

Part of the peripheral nervous system associated with the voluntary control of body movements through the action of skeletal muscles.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for rapid responses to stressors, activating the fight-or-flight response.