Question : 11) If all households in a nation receive the same : 1241413

 

11) If all households in a nation receive the same income, the nation’s Lorenz curve

A) is horizontal.

B) is vertical.

C) is a 45° line.

D) runs along the horizontal axis until it reaches 50 percent of households and then runs vertically up to 100 percent of income.

E) runs along the horizontal axis until it reaches 100 percent of households and then runs vertically up to 100 percent of income.

 

12) Country A has a more equal distribution of income than country B if

A) country A’s Lorenz curve is closer to the line of equality than is country B’s Lorenz curve.

B) country B’s Lorenz curve is closer to the line of equality than is country A’s Lorenz curve.

C) country A’s Lorenz curve is just as close to the line of equality as is country B’s Lorenz curve.

D) country A’s Lorenz curve lies below country B’s Lorenz curve at low levels of income and above it at high levels of income.

E) None of the above because it is impossible to compare income inequalities across countries.

 

13) Looking at the Lorenz curves for income distribution in all the world’s nations, we would find that

A) some nations have Lorenz curves that lie above the 45° line, other nations have Lorenz curves that lie below the 45° line, but no nation has a Lorenz curve that lie on the 45° line.

B) all nations have Lorenz curves that lie above the 45° line.

C) all nations have Lorenz curves that lie below the 45° line.

D) some nations have Lorenz curves that lie above the 45° line, other nations have Lorenz curves that lie below the 45° line, and still other nations have a Lorenz curve that lies on the 45° line.

E) None of the above answers is correct.

 

Group

Percent of income

Poorest 20%

5

Second poorest 20%

10

Middle 20%

15

Second richest 20%

25

Richest 20%

45

 

The table gives the distribution of income in Miseria.

 

14) What percent of income is earned by the richest forty percent?

A) 5 percent

B) 20 percent

C) 70 percent

D) 55 percent

E) More information is needed to answer the question.

 

15) What percent of income is earned by the richest 60 percent of the population?

A) 25 percent

B) 30 percent

C) 55 percent

D) 85 percent

E) More information is needed to answer the question.

 

16) What percent of income is earned by the poorest 60 percent of the population?

A) 25 percent

B) 30 percent

C) 55 percent

D) 15 percent

E) More information is needed to answer the question.

17) What percent of income is earned by the richest 80 percent of the population?

A) 25 percent

B) 95 percent

C) 100 percent

D) 5 percent

E) More information is needed to answer the question.

 

 

 

18) The above table shows the distribution of income in two countries, Alpha and Beta. Based on these distributions of income,

A) Country Beta has more equal income distribution than does Country Alpha.

B) both countries have equal distributions because 100 percent of the incomes are accounted for.

C) the Lorenz Curve for country Beta is closer to the line of equality.

D) Country Alpha has a more equal distribution of income than does Country Beta.

E) It is impossible to answer the question without more information.

 

19) The above table shows the distribution of income in two countries, Alpha and Beta. In Country Alpha, the poorest 20 percent receive ________ percent of total income.

A) 5

B) 9

C) 1

D) 19

E) 14

20) The above table shows the distribution of income in two countries, Alpha and Beta. In Country Beta, the richest 40 percent of households receive ________ percent of total income.

A) 20

B) 40

C) 60

D) 80

E) 100

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more