Author Question: If 80 percent of the population receives 75 percent of the income, a. the richest quintile receives ... (Read 40 times)

pragya sharda · **on:** Jun 30, 2018

If 80 percent of the population receives 75 percent of the income,
a. the richest quintile receives 20 percent of the income.
b. the Lorenz curve is the diagonal.
c. income is not perfectly evenly distributed.
d. the poorest quintile receives more than 20 percent of income.
e. people in the middle quintile have the highest incomes.

Question 2

Which of the following people would be counted among the unemployed?
a. A new college graduate selling newspaper advertisements part time while looking for other work
b. A new college graduate selling newspaper advertisements full time while looking for other work
c. A new college graduate selling newspaper advertisements part time and not looking for other work
d. A new college graduate who gets tired of selling newspaper advertisements and takes off on a motorcycle trip to Alaska
e. A new college graduate not qualified for any of the jobs available in his small town