Distribution
In 2015, the wealthiest 20 percent of Americans owned what percent of the nation's wealth?
88%
In 2015 who had the lowest minimum wage in US dollars?
Mexico
If a higher minimum wage is introduced, what happens to unemployment?
Unemployment rates go up
Explain marginal tax rate.
The marginal tax rate is the amount of additional tax paid for every additional dollar earned as income. The average tax rate is the total tax paid divided by total income earned. A 10 percent marginal tax rate means that 10 cents of every next dollar earned would be taken as tax.
Who is the best teacher?
Mr.Murphy
what percent of US wealth do respondents presume is held by the wealthiest 20 percent?
45%
In 2015 who had the highest minimum wage in US dollars
Australia
what are two possible negative effects of an increase in the minimum wage?
Businesses want higher skilled workers
Profits decrees for businesses
What is the Brookings Institute?
The Brookings Institution, often referred to simply as Brookings, is an American research group founded in 1916 on Think Tank Row in Washington, D.C.
what percent of US wealth do respondents believe should be held by the wealthiest 20 percent?
25%
Do adults or teenagers benefits from minimum wage
Adults
If higher minimum wage is introduced, what will happen to the quantity of labor demanded by owners?
The quantity of labor demanded by owners would decrees
what percent of Us wealth is actually owned by the richest 20 percent
90%
what 2 countries are right above US for higher minimum wage?
UK and Japan
what percent of US wealth is owned by the poorest 20 percent?
1%