Macroeconomics –372 Final1) The largest source of household income in the U.S. is obtained fromB. wages and salaries2) The market where business sell goods and services to households andthe government is called theA. goods market3) Real gross domestic product is best defined asC. the market value of all final goods and services produced in aneconomy‚ stated in the prices of a given year 4) Underemployment includes peopleB. who are working part time‚ or not using all their skills at a full-time job5)
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The United States has great natural resources‚ the most advanced technology‚ and a very high standard of living. Despite these advantages‚ a significant portion of U.S. residents live in a condition of poverty(Eitzen‚ Zinn‚ Smith 156). These people are living with inadequate food‚ shelter‚ and water. Many of these citizens are discriminated against in schools‚ courts‚ and in the job market. These conditions make it difficult to work their way out of poverty. In order to be considered poor‚ a citizen
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[pic]Poverty in the United States From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search |[pic] |Parts of this article (those related to the 2010 poverty definition reform) are outdated. Please update this article to | | |reflect recent events or newly available information. Please see the talk page for more information. (November 2010) | [pic] [pic] Impoverished area near 125th Street in Harlem‚ New York‚ which was subsequently demolished for new commercial
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Michael Ferrai Economics 001 Income Distribution November 13‚ 2012 Over the last 30 years the participation of women in the work force has increased dramatically‚ unfortunately the pay gap between men and women has not decreased much at all. On top of that the pay gap between the classes of working America is increasing. While there have been some improvements there is still a lot of room for improvement. As of 2011 women’s median hourly wages were about 84 percent of males median hourly
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Committee for Victoria Konstantinova Vernon certifies that this is the approved version of the following dissertation: Household Economies of Scale‚ Food Consumption and Intra-Household Allocation of Time Committee: Li Gan‚ Supervisor Daniel Hamermesh Richard Dusansky Douglas Dacy Hong Yan Household Economies of Scale‚ Food Consumption and Intra-Household Allocation of Time by Victoria Konstantinova Vernon‚ dipl.; M.A. Dissertation Presented to the Faculty of the Graduate
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Income Level Income level has an effect on behaviors‚ including what people buy and how much they will pay. According to Bieker‚ consumer spending forms two-third of all spending in the economy. A change in consumer income will result in consumers buying more or less of product at all possible prices and also cause a change in demand and a shift of the demand curve. If the income and savings of consumers are high (the high consumer spending level)‚ their purchase is parallel or even more expensive
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20: Income Inequality and Poverty 1) Income Inequality and Poverty A person’s earnings depend on the supply and demand for that person’s labor‚ which in turn depend on natural ability‚ human capital‚ compensating differentials‚ discrimination‚ and so on. 2) THE MEASUREMENT OF INEQUALITY How much inequality is there in our society? How many people live in poverty? What problems arise in measuring the amount of inequality? How often do people move among income classes? 3) Table 1 The Distribution
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Poverty The state of being poor; lack of the means of providing material needs or comforts. 2. Deficiency in amount; scantiness: "the poverty of feeling that reduced her soul" (Scott Turow). 3. Unproductiveness; infertility: the poverty of the soil. 4. Renunciation made by a member of a religious order of the right to own property. http://www.thefreedictionary.com/poverty What is poverty? Poverty is defined by Encarta online dictionary as‚ "the state of not having enough money to take care
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years income disparities have been growing larger. 65% of people have actually noticed income disparities grow now. Current income disparities certainly threaten democratic ideals for two important reasons. First I am going to show how much inequality there really is and how its growing. The first reason is that Inequality causes Corruption‚ and Corruption threatens Representation and the second reason is that Inequality dampens political participation‚ which is a cherished ideal. The income gap
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Today‚ earnings management methods‚ such as income smoothing‚ are becoming more and more ubiquitous ways of improving earnings quality and attractiveness to investors. Because investors pay such close attention to income levels and firm stability‚ such methods are coming under heavy scrutiny‚ and are receiving more attention in the way of research and studies. The scrutiny is an attempt to explain the effects‚ and whether or not‚ in the long-run‚ these methods of earnings management are‚ in fact
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