This topic contains a solution. Click here to go to the answer

Author Question: When the Lorenz curve moves closer to the diagonal, this shows: a. the rich getting richer and the ... (Read 115 times)

B

  • Hero Member
  • *****
  • Posts: 570
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Tonny

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

c

Answer to Question 2

c




B

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Gracias!


juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Cyanide works by making the human body unable to use oxygen.

For a complete list of videos, visit our video library