Over the period from 1971 to 2012, the U.S. Gini ratio for household income ________, which means income inequality in the United States ________.
A) increased; increased
B) increased; decreased
C) decreased; increased
D) decreased; decreased
Question 2
The above table shows Priscilla's marginal utility from the two goods she consumes, pizza and Pepsi. A slice of pizza costs 4 and a can of Pepsi 2. Suppose Priscilla has 12 to spend.
If the price of pizza decreases, Priscilla's preferences (her marginal utility schedule) for pizza A) will increase.
B) will decrease.
C) will not change.
D) may increase or decrease depending on what happens to the price of Pepsi.
Observed change in surface temperature from 1901 to 2012
Household Income in the United States by Quintiles, 2009
Embryonic Period
Infant mortality by income quintile, urban Canada, 1996
Construct a Lorenz curve that shows income distribution in this society.
During a period of high power demand, the voltage output of the power company is reduced by ...