Author Question: In an economy where the poorest quintile of the population receives 5 percent of the income, the ... (Read 165 times)

future617RT · **on:** Jun 30, 2018

In an economy where the poorest quintile of the population receives 5 percent of the income, the Lorenz curve:
a. is the diagonal of the box.
b. lies below the diagonal in the box.
c. lies above the diagonal in the box.
d. is the lower right corner of the box.
e. is the upper left corner of the box.

Question 2

Problems with the federal government budget process include:
a. budgeting that allows the President too much discretion in spending decisions.
b. budgeting that increases the flexibility of discretionary fiscal policy.
c. a budget outline that needs to be approved with at least a two-thirds majority vote.
d. most of the expenditures being for entitlement programs.
e. a brief budgeting that does not allow Congress to study whether the budget is an appropriate tool for fiscal policy.