Which of the following statements is false?
A) The Lorenz curve expresses the relationship between cumulative percentage of households and cumulative percentage of income.
B) If there were perfect income equality, the Lorenz curve would be a 45-degree line.
C) The Gini coefficient is a measurement of the degree of inequality in the income distribution.
D) The Gini coefficient is a number between 0 and 100.
Correct Answer:
Verified
Q25: "In-kind" transfer payments are made
A)when the recipient
Q26: Evidence seems to indicate that the distribution
Q27: One way to reduce the degree of
Q28: Which of the following statements is true?
A)If
Q29: Which of the following statements is false?
A)If
Q31: Which of the following is an example
Q32: Which of the following statements is true?
A)The
Q33: If the Gini coefficient is zero, there
Q34: Some economists contend that in-kind transfers should
Q35: An individual's income equals
A)labor income + wages
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