Law, 22.10.2019 05:00, bruhh14

If the lorenz curve were used to graph the distribution of income in an economy where all households earn the exact same income, the graph would show a straight line and sloped diagonally downward

curved line and sloped diagonally upward

straight line and sloped diagonally upward

curved line and sloped diagonally downward

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Business, 28.08.2019 16:30, ndunn692

The belief that everyone should have exactly the same amount of income is a. lorenz principle. b. egalitarian principle. c. comparableminus−worth doctrine. d. merit standard. the official definition of poverty is a. exactly the 12 percent of u.s. residents with the lowest incomes. b. an absolute measure. c. a relative measure. d. exactly the 20 percent of u.s. residents with the lowest incomes. a straight-line lorenz curve shows a. an equal distribution of money income. b. a greater than proportionate share of income going to middle-income households. c. a highly unequal distribution of income. d. a high incidence of absolute poverty. which of the following is not a correct criticism of the lorenz curve? a. it ignores the impact of age distribution on income distribution. b. it refers to money income after taxes. c. it does not include payments in kind. d. it does not deal with differences in family size. the typical age-earnings cycle shows that a. there is a constant negative relationship between age and earnings. b. there is no relationship between age and earnings. c. there is a positive relationship between age and earnings that eventually turns into a negative relationship. d. there is a constant positive relationship between age and earnings. the idea that some people engage in risky behavior due to the fact that they have good health care is known as

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Social Studies, 22.10.2019 05:00, gabigraceberg

if the lorenz curve were used to graph the distribution of income in an economy where all households earn the exact same income, the graph would show a straight line and sloped diagonally downward curved line and sloped diagonally upward straight line and sloped diagonally upward curved line and sloped diagonally downward

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Law, 22.10.2019 05:00, Miloflippin9766

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Mathematics, 30.10.2019 07:31, 122333444469

(1 pt) {\bf lorenz curves}economists use a cumulative distribution called a lorenz curve to describe the distribution of income between households in a given country. typically, a lorenz curve is defined on the x-interval [0, 1] with endpoints (0, 0) and (1, 1), and is continuous, increasing, and concave upward. the points on this curve are determined by ranking all households by income and then computing the percentage of households whose income is less than or equal to a given percentage of the total income of the country. for example, the point (a/100, b/100) is on the lorenz curve if the bottom a % of the households receive less than or equal to b % of the total income. absolute equality of income distribution would occur if the bottom a % of the households receive a % of the income, in which case the lorenz curve would be the line y=x. the area between the lorenz curve and the line y=x measures how much the income distribution differs from absolute equality. the coefficient of inequality is the ratio of the area between the lorenz curve and the line y=x to the area under y=x. as it turns out, one could prove that the coefficient of inequality is twice the area between the lorenz curve and the line y=x, that iscoefficient of inequality =2? 10[x? l(x)]dx.suppose that the income distribution for a certain country is represented by the lorenz curve defined by the equationl(x)=512x2+712x.(a) what is the percentage of total income received by the bottom 50 % of the households? percentage of total income = %(b) find the coefficient of inequality.coefficient of inequality =

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