Which diagram is used by economists to illustrate the distribution of income or wealth?
A) Lorenz curve
B) normal bell-shaped distribution
C) wage differential curve
D) low-income cut-off curve
E) a time-series graph
Correct Answer:
Verified
Q17: Use the figure below to answer the
Q18: Use the figure below to answer the
Q19: An income Lorenz curve
A)graphs the cumulative percentage
Q20: If each household made the same amount
Q21: The closer the income Lorenz curve is
Q23: The low-income cutoff level is
A)a level of
Q24: The Gini ratio for a perfectly equal
Q25: Use the figure below to answer the
Q26: Use the figure below to answer the
Q27: Wealth differs from income because
A)income is a
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