In calculating income for the Lorenz curve, one factor that is omitted, is
A) capital gains income.
B) dividend payments.
C) in-kind transfer payments from the government.
D) pure economic rent.
C
You might also like to view...
A Giffen good has
A) a positive substitution effect. B) a negative income effect. C) a larger income effect than substitution effect. D) All of the above.
A headline states: "Real GDP falls again as the economy slumps." This condition is most likely to produce what type of unemployment?
a. Structural b. Cyclical c. Natural d. Frictional
The trading of votes by elected officials to secure favorable outcomes is called:
A. splitting the difference. B. social engineering. C. logrolling. D. grandstanding.
In the used pick-up truck market:
A. some of the predictions of the lemons model are observed some of the time. B. the lemons model accurately describes the market. C. none of the predictions of the lemons model are observed. D. there is no asymmetric information, and so the lemons model does not apply.