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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 56
Circle the letter that corresponds to the best answer. Which statement is false?
A) Nearly half of all poor Americans own their own homes.
B) A poor person today has roughly the same standard of living as a middle-income person 30 years ago.
C) The reported consumption spending of people in the lowest income quintile is about twice their reported income.
D) The standard of living of American's poor is comparable to that of most of the rest of the world's poor people.
A) Nearly half of all poor Americans own their own homes.
B) A poor person today has roughly the same standard of living as a middle-income person 30 years ago.
C) The reported consumption spending of people in the lowest income quintile is about twice their reported income.
D) The standard of living of American's poor is comparable to that of most of the rest of the world's poor people.
Explanation
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Macroeconomics 11th Edition by Stephen Slavin
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