Author Question: When the Lorenz curve moves closer to the diagonal, this shows: a. the rich getting richer and the ... (Read 76 times)

B · **on:** Jun 30, 2018

When the Lorenz curve moves closer to the diagonal, this shows:
a. the rich getting richer and the poor getting poorer.
b. total income is rising.
c. the distribution of income is becoming more even.
d. the population is decreasing.
e. the prices of goods are rising.

Question 2

Suppose the total population of an economy is 150 million, the labor force is 100 million, and the unemployment is 94 million. The unemployment rate is _____.
a. 6 percent
b. 80 percent
c. 94 percent
d. 10 percent
e. 15 percent