If Official U

question 19

Multiple Choice

If official U.S. poverty statistics included in-kind transfer payments the:

• A) poverty rate would be close to zero.
• B) poverty rate would be lower.
• C) government deficit would be lower.
• D) top 10 percent of those in the income distribution would be wealthier.

Explain the principles of bond valuation and the factors influencing bond prices over time.

Understand the concept of Marginal Propensity to Consume (MPC) and Marginal Propensity to Save (MPS).

Identify and analyze the equilibrium level of Gross Domestic Product (GDP).

Interpret the effects of changes in aggregate expenditure components on GDP.