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Economics
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1 Nov 2020

8. In Figure below, the straight line labeled ab is the

a. Lorenz curve.

b. line of equality.

c. line of poverty.

d. line of distribution.

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Explaining Income Inequality
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Raushan Raj
Raushan RajLv8
1 Nov 2020

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Related questions

1. Government tax and transfer payments generally

a. shift the Lorenz curve away from the line of equality.

b. shift the Lorenz curve toward the line of equality.

c. have no effect on the Lorenz curve.

d. shift the Lorenz curve away from the line of equality at low incomes and toward it at high incomes.

6. Every Lorenz curve diagram begins with a line sloping up at a 45-degree angle. The points along this line show 

a. perfect equality of the income distribution

b. imperfect equality of the income distribution

c. perfect inequality of the income distribution

 

7. In a Lorenz diagram for income, the line of equality shows

a. the most equitable income distribution.

b. how unequally incomes are distributed.

c. how much redistribution occurs.

d. the income distribution if everyone in the population received the same income.

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