Figure 33.2 illustrates Lorenz curves for four different economies. For which economy would the lowest 20 percent of families receive the smallest share of total income?
A. A.
B. B.
C. C.
D. D.
Answer: A
You might also like to view...
Refer to the scenario above. If the rules of the gamble are changed such that in the case of heads, the individual wins $100, and in the case of tails, the individual loses $50, the expected value of the gamble changes to:
A) $0. B) $25. C) $50. D) $75.
If the monetary multiplier is 6, then the reserve ratio must be:
A. 1.67 B. 0.6 C. 0.167 D. 0.06
Refer to the diagram for a private closed economy. The marginal propensity to consume is:
A. GF/GB.
B. DA/GB.
C. FE/DE.
D. FB/0B.
The inflation rate measures the percentage growth rate of:
A. Real GDP from the base period 1982-84 to a given year B. Real GDP from one year to the next C. The CPI from the base period 1982-84 to a given year D. The CPI from one year to the next