ECON 1000 Midterm: ECON 1000 Kennesaw State ECON1000 Fall2017 Exam3A Key
Document Summary
In the textbook, ______________ was described as an ill-governed kleptocracy in which corruption is not a happy side-effect of power, but the core of the system. present day russia. Examining how real (i. e. , inflation adjusted) household incomes have changed between 1974 and. 2004, mean household income of the middle 5th of all households ____________ while the mean household income of the top 5th of all households ____________ between these years. increased from ,282 to ,661; increased from ,542 to ,802. Production and consumption of good x generates a negative externality, while production and consumption of good y generates a positive externality. Focusing on the average tax rate of the bottom 50% of income earners, this figure. ______________ between 1980 and 2010 and then ______________ between 2010 and 2013. decreased from 6. 10% down to 2. 37%; increased from 2. 37% up to 3. 30%
