If the Lorenz curve for income moves upward toward the 45° line, then the
A) total household income decreased.
B) total household income increased.
C) mean (average) household income increased.
D) distribution of income has become more unequal.
E) distribution of income has become more equal.
Correct Answer:
Verified
Q15: Workers who have invested in education and
Q16: Which of the following statements is true
Q17: A Lorenz curve for income shows the
A)
Q18: Q19: Poverty for a household is defined as Q21: The demand curve for high-skilled workers
A) lies
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