Changes in Welfare Payments. Between 1970 and 1988, the average monthly welfare payment to single mothers increased
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Changes in Welfare Payments. Between 1970 and 1988, the average monthly welfare payment to single mothers increased from $160 to $360. Over the same period, the cost of a standard basket of consumer goods (a standard bundle of food, housing, and other goods and services) increased from $39 to $118. Fill the blanks in the following table. Did the real value of welfare payments increase or decrease over this period?
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Related Book For
Macroeconomics Principles Applications And Tools
ISBN: 123885
8th Edition
Authors: Arthur OSullivan ,Steven Sheffrin ,Stephen Perez
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