The Lorenz curve demonstrates:
A) inequality visually; the more linear the curve, the less inequality exists.
B) inequality visually; the more linear the curve, the more inequality exists.
C) average income levels per capita; the more linear the curve, the less inequality exists.
D) average income levels per quintile; the more linear the curve, the more inequality exists.
Correct Answer:
Verified
Q53: If the population is split up into
Q63: The Gini coefficient measures:
A)income inequality.
B)poverty prevalence.
C)average income
Q70: Which curve summarizes inequality visually?
A) Laffer curve
B)
Q71: In the last few decades,income inequality in
Q72: Perfect income equality means:
A) everyone earns exactly
Q73: Most countries in the world have Gini
Q74: Those who believe that overall economic growth
Q77: If the U.S.population were split into quintiles
Q79: The Lorenz curve maps:
A) the cumulative percentage
Q80: The _ bowed inward the Lorenz curve
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