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 122 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
Wow, this really help


pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

For a complete list of videos, visit our video library