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Author Question: Refer to Figure 18-7. The second highest 20 percent of households A) earn 24 percent of the ... (Read 80 times)

itsmyluck

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on: Jun 29, 2018
Refer to Figure 18-7. The second highest 20 percent of households
 
  A) earn 24 percent of the society's total income. B) earn 28 percent of the society's total income.
  C) earn 42 percent of the society's total income. D) earn 72 percent of the society's total income.

Question 2

If your nominal wage rises more slowly than the price level, we can say your real wage has ________ and the purchasing power of a dollar has ________.
 
  A) risen; risen B) fallen; risen C) fallen; fallen D) risen; fallen


parshano

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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