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Author Question: The figure above shows Lorenz curves for a nation. Based on the figure above, if the poorest 20 ... (Read 55 times)

jc611

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on: May 24, 2019


The figure above shows Lorenz curves for a nation.


Based on the figure above, if the poorest 20 percent group of households increased the share of the nation's income they receive, then
◦ there is a movement up along the Lorenz curve for income.
◦ there is a movement down along the Lorenz curve for income.
◦ the Lorenz curve for income shifts toward the line of equality.
◦ the Lorenz curve for income shifts away from the line of equality.
◦ Both answers there is a movement up along the Lorenz curve for income and the Lorenz curve for income shifts toward the line of equality are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by jc611 on May 24, 2019

yahahah24021

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Reply #1 on: May 24, 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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jc611

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

mcabuhat

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

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