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Author Question: FIGURE 14-8Refer to Figure 14-8. Which of the following is shown on the Lorenz curve shown in this diagram? (Read 119 times)

Scollins7

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on: Oct 12, 2022

Question 1




FIGURE 14-8

Refer to Figure 14-8. Which point shows that the bottom 60% of families earn just under 40% of total income?


◦ A
◦ B
◦ C
◦ D
◦ E

Question 2




FIGURE 14-8

Refer to Figure 14-8. Which of the following is shown on the Lorenz curve shown in this diagram?


◦ The richest 20% of families earn almost 40% of total income.
◦ The richest 20% of families earn over 60% of total income.
◦ Perfect equality of income distribution occurs.
◦ The poorest 20% of families earn almost 90% of total income.
◦ The functional distribution of income is shown.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Scollins7 on Oct 12, 2022

jamezpowell

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Reply #1 on: Oct 12, 2022
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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Scollins7

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

rleezy04

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

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