If Canada's Lorenz curve began changing such that it bends further from the diagonal line and becomes more curved,this would be an indication that
A) data collection on Canadian household incomes is improving.
B) the distribution of income in Canada is becoming more unequal.
C) the distribution of income in Canada is becoming more equal.
D) average Canadian family income is rising.
E) average Canadian family income is falling.
Correct Answer:
Verified
Q103: A Lorenz curve shows the
A)degree of inequality
Q104: Median family income (pre-tax)in Canada in 2012
Q105: Q106: Researchers are trying to identify the causes Q107: An important unanswered question about the role Q109: Q110: The diagonal line on a Lorenz curve Q111: The "functional distribution of income" refers to Q112: Q113: 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![]()
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