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Author Question: As income becomes more unequally distributed, the Lorenz curve ________ and ________. (Read 70 times)

Engineer

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on: Apr 19, 2019

Question 1

An equal distribution of income would yield a Lorenz curve that is a


◦ line lying directly on the horizontal axis.
◦ line lying directly on the vertical axis at 0%.
◦ 45-degree line between 0 and 100%.
◦ line lying directly on the vertical axis at 100%.

Question 2

As income becomes more unequally distributed, the Lorenz curve ________ and ________.


◦ moves further down to the right; the shaded area increases
◦ moves further up to the left; the shaded area decreases
◦ moves further up to the left, rising above the 45 degree line; the shaded area increases
◦ moves further down to the right; the shaded area decreases
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Engineer on Apr 19, 2019

lorealeza77

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Engineer

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

upturnedfurball

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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