A straight-line Lorenz curve shows
A) an equal distribution of money income.
B) a greater than proportionate share of income going to middle-income households.
C) a high incidence of absolute poverty.
D) a highly unequal distribution of income.
Answer: A
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A. ground zero. B. mother lode. C. the origin. D. square one. E. the beginning.
The GDP deflator is a measure of the price level which is calculated as nominal GDP divided by real GDP and multiplied by 100
Indicate whether the statement is true or false
Even today, individuals distrust the outcome of free markets, as is evidenced by the protests against the construction of Walmarts across the nation
Indicate whether the statement is true or false
If a bottle of soda and bottled juice are substitutes, when the price of soda rises
A) demand for bottled juice rises. B) demand for bottled juice falls. C) quantity of bottled juice demanded falls. D) quantity of bottled juice demanded rises.