The Lorenz curve
A) plots graphically the poverty rate over time.
B) is located closer to the diagonal today than it was in 1975.
C) plots graphically the distribution of income.
D) is located farther from the diagonal when income is defined to include the value of noncash transfers.
Correct Answer:
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Q4: In 2014, the average income for households
Q5: The greater the area between the Lorenz
Q6: The Gini ratio of income inequality ranges
Q7: In the quintile distribution of income, the
Q8: In 2014, the highest quintile of households
Q10: The highest quintile of households in the
Q11: The Gini ratio
A) measures the relative extent
Q12: Which of the following Gini ratios indicates
Q13: In 2014, a household with an annual
Q14: In 2014, a household with an annual
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