The importance of the Lorenz curve is that it
A) tells policymakers what the optimum income distribution should be.
B) summarizes the degree of income inequality in a society.
C) indicates whether the poorest in society have enough income to live on.
D) supports the idea that the income distribution should be market-based.
Correct Answer:
Verified
Q33: (Figure: Distribution of Income) Of the three
Q34: The _ rank(s) households of various income
Q35: The Lorenz curve typically breaks income distribution
Q36: The Lorenz curve is based on
A) before-tax
Q37: The Lorenz curve uses the
A) functional distribution
Q39: (Figure: Interpreting Lorenz Curves) Based on the
Q40: If the income distribution becomes more equitable,
Q41: The Lorenz curve for wealth in the
Q42: A graph representing income distribution in an
Q43: The Lorenz curve uses all of these
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