The Lorenz curve shows
A. the ratio of cash income to payments-in-kind.
B. how poverty rates change over time.
C. the degree of inequality in the income distribution.
D. the percentage of population below the poverty line.
Answer: C
You might also like to view...
GDP differs from GNP because
A) GDP = GNP - net factor payments from abroad. B) GNP = GDP - net factor payments from abroad. C) GDP = GNP - capital consumption allowances. D) GNP = GDP - capital consumption allowances.
George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost per customer averages $3, and its annual fixed cost is $40,000 . If George Webb wants to make a profit of $20,000 per year at the diner, it will have to serve__________ customers per year
a. 10,000 customers b. 20,000 customers c. 30,000 customers d. 40,000 customers e. 50,000 customers
A good will tend to be more price elastic if it
a. is a luxury good. b. has no close substitutes. c. is a small part of the household budget. d. is a necessity.
Which of the following effects will not increase (i.e., shift to the right) the aggregate supply curve?
a. An increase in the average national price level. b. An appreciation of the domestic currency. c. An increase in the number of immigrants. d. All of these answers are correct. e. None of these answers are correct.