Using the Lorenz curve, the degree of income inequality is measured by the:
A) line connecting all points for which a given percentage of families receives exactly that cumulative percentage of income.
B) distance of the Lorenz curve from the line of perfect equality.
C) flat diagonal line that applies to a perfectly elastic demand curve.
D) number of times the Lorenz curve crosses the line of perfect equality.
Correct Answer:
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Q2: Make a case for income inequality.
Q3: Which of the following correctly describes the
Q4: Which of the following statements is true
Q5: Exhibit 12-3 Lorenz curve for an economy
Q6: Which of the following are not counted
Q7: Exhibit 12-2 Lorenz curve Q8: Exhibit 12-2 Lorenz curve Q9: Exhibit 12-6 Lorenz curves Q10: Exhibit 12-1 Income distribution for three countries Q11: If official U.S. poverty statistics included in-kind Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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