The larger the gap between the Lorenz curve and the line of equality,
A) the greater is the equality in the income distribution.
B) the less is the inequality in the income distribution.
C) the poorer are the top 50 percent of households.
D) the richer are the lowest 50 percent of households.
E) the greater is the inequality in the income distribution.
Correct Answer:
Verified
Q4: After-tax income equals
A)total income minus tax payments
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A)market income minus payments to
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Q15: Market income equals
A)the wages, interest, rent, and
Q17: A Lorenz curve illustrates the distribution of
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Q19: An income Lorenz curve
A)graphs the cumulative percentage
Q19: In 2011, the mean household income in
Q20: If each household made the same amount
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