A mathematical summary of inequality based on the Lorenz curve is known as the
A) Okun coefficient.
B) Income distribution share.
C) Gini coefficient.
Correct Answer:
Verified
Q4: If the area between the diagonal line
Q5: The federal income tax is designed to
A)Shift
Q6: Income is measured as
A)A flow only.
B)A stock
Q7: If income is distributed equally,the
A)Lorenz curve is
Q8: Medicare is an example of
A)Free goods.
B)Personal income.
C)In-kind
Q10: As the _ becomes larger,the distance between
Q11: Market failure exists whenever
A)Income distribution is unequal.
B)The
Q12: If the Gini coefficient is greater for
Q13: If the area between the diagonal line
Q14: The size distribution of income
A)Is the same
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