A Lorenz curve shows the:
a. number of people in an economy living below the poverty line.
b. percentage of children in an economy who are not receiving adequate nutrition.
c. percentage of the economy's population benefiting from government spending programs.
d. percentage of an economy's total income each part of the population receives.
e. percentage of the population whose income is dependent on sales to foreign countries.
d
You might also like to view...
Which of the following is correct?
a. Consumer surplus refers to a situation in which there are more buyers than sellers in a market. b. Producer surplus refers to a situation in which there are more sellers than buyers in a market. c. Total surplus is measured as the area below the demand curve and above the supply curve, up to the equilibrium quantity. d. All of the above are correct.
Assume that cotton is a normal good. Which of the following would cause both the equilibrium price and equilibrium quantity of cotton to increase?
A) an increase in consumer income B) a drought that sharply reduces cotton output C) a decrease in consumer income D) unusually good weather that results in a bumper crop of cotton
The Fed became an active participant in the in the private banking system in response to the financial crisis of 2008.
Answer the following statement true (T) or false (F)
Higher basic benefits increase the breakeven level of income faced by welfare recipients.
Answer the following statement true (T) or false (F)