How do you measure national income? and why do countries need to measure it?

Microeconomics Questions?

• 1) A tax provision that works much like a negative income tax is the 1. Earned Income Tax Credit (EITC). 2. deduction for charitable contributions. 3. mortgage interest rate deduction. 4. Temporary Assistance for Needy Families (TANF). 2) A utilitarian government must 1. balance the gains from greater equality against the losses from distorted incentives. 2. calculate the utility of each individual in society. 3. avoid enacting any policies that redistribute income from the rich to the poor. 4. pursue policies that do not affect the middle class. 3) Measures of poverty that fail to account for the value of in-kind transfers 1. understate the actual poverty rate. 2. are generally more reliable measures of actual poverty rates. 3. overstate the actual poverty rate. 4. have little effect on the validity of reported poverty rates. 4) The poverty rate is 1. measured by the number of in-kind transfers that a family receives. 2. the percentage of the population whose family income falls below a specified level. 3. an absolute level of income set by the federal government for each family size. 4. a measure of income inequality across families. 5) Since about 1970 in the U.S., 1. inequality in family incomes has increased, despite increases in the wages of unskilled workers relative to skilled workers. 2. increases in the wages of unskilled workers, relative to skilled workers, have led to increased equality in family incomes. 3. decreases in the wages of unskilled workers, relative to skilled workers, have led to increased inequality in family incomes. 4. inequality in family incomes has decreased, despite increases in the wages of skilled workers relative to unskilled workers. 6)The study by economists Cox and Alm found 1. inequality in consumption is much smaller than inequality in annual income. 2. inequality in consumption is much larger than inequality in annual income. 3. inequality in consumption is slightly larger than inequality in annual income. 4. inequality in consumption is slightly smaller than inequality in annual income. 7)The 2008 U.S. distribution of income shows that the top 5 percent of families have approximately what share of income? 1. 10 percent 2. 20 percent 3. 5 percent 4. 1 percent 8) Of the four countries below, which has the highest degree of income inequality? 1. Japan 2. Brazil 3. South Africa 4. United States 9) Economic mobility refers to the 1. movement of resources from one country to another. 2. government's attempt to distribute monetary assistance to areas most in need. 3. ability of families to freely relocate to find good jobs. 4. movement of people among income classes. 10) Which of the following does not explain the rise in income inequality in the United States from 1970 to 2008? 1. An increase in minimum wages. 2. Increased international trade with low-wage countries. 3. Changes in technology. 4. A reduction in the demand for unskilled labor.

• Answer:

  Ive seen you with like three of these on the economics section of yahoo answers.... You should seriously start looking up the answers in your eco book. Asking yahoo answers isn't going to help you learn anything... You'll just fail the tests, or if your taking a test... wouldn't you consider this cheating? Good luck to you though.