Solved

Refer to the Above Graph,which Shows Four Different Lorenz Curves

Question 24

Multiple Choice

Refer to the above graph,which shows four different Lorenz curves (I,II,III,and IV) .The movement from point b to point e in the graph would indicate that: A) 80 percent of households now receive 40 percent of income instead of 60 percent of households. B) 80 percent of income goes to 40 percent of households instead of 60 percent of households. C) 40 percent of income goes to 60 percent of households instead of 80 percent of households. D) 60 percent of households now receive 20 percent instead of 60 percent of income. Refer to the above graph,which shows four different Lorenz curves (I,II,III,and IV) .The movement from point b to point e in the graph would indicate that:


A) 80 percent of households now receive 40 percent of income instead of 60 percent of households.
B) 80 percent of income goes to 40 percent of households instead of 60 percent of households.
C) 40 percent of income goes to 60 percent of households instead of 80 percent of households.
D) 60 percent of households now receive 20 percent instead of 60 percent of income.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: In 2009,about what percentage of households had

Q21: Refer to the</p></div><svg width=

Q22: Refer to the</p></div><svg width=

Q23: Refer to the</p></div><svg width=

Q25: Refer to the</p></div><svg width=

Q26: The Gini ratio is determined by:
A) adding

Q27: Complete income equality using the Gini ratio

Q28: Refer to the</p></div><svg width=

Q29: Refer to the</p></div><svg width=

Q155: A Lorenz curve showing perfect equality in

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents