A Lorenz curve graphs the
A) percentage of income or wealth against the percentage of households.
B) cumulative percentage of income or wealth against the cumulative percentage of households.
C) cumulative value of income against the cumulative percentage of households.
D) percentage of wealth against the percentage of income.
B
You might also like to view...
According to Friedman and Phelps, which of the following statements is a correct characterization of unemployment and inflation in the United States since the 1950s?
A) A trade-off between inflation and unemployment as pictured in the Phillips curve existed over the entire time period. B) A trade-off between inflation and unemployment as pictured in the Phillips curve existed in the 1970s and 1980s, but not over the entire period. C) The relationship between inflation and unemployment is very different from the Phillips curve. A positive relationship is evident rather than an inverse relationship. D) There is no clear relationship between unemployment and inflation.
The WLS estimator is called infeasible WLS estimator when
A) the memory required to compute it on your PC is insufficient. B) the conditional variance function is not known. C) the numbers used to compute the estimator get too large. D) calculating the weights requires you to take a square root of a negative number.
Foreign exchange rates tend toward equality around the world because of the actions of
a. central banks b. stock markets c. commodity markets d. the World Bank e. arbitrageurs
If asset A is significantly more liquid than asset B, then it is _____ costly to convert asset A into cash than it is to convert asset B into cash. Furthermore, it is likely that asset B will be included in the _____ measure of money.
A. more; M1 B. less; M1 C. less; M2 D. more; M2