The above figure shows the Lorenz curves for four different countries. Which of the following statements CANNOT be made on the basis of the graph?
A) Incomes are distributed unequally in all four countries.
B) Income distribution in country D is the most unequal among the four countries.
C) Incomes are higher in country A than in country B.
D) Income distribution is more equal in country B than in country D.
C
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The change in total output when one additional unit of labor is hired is known as the
a. capacity utilization rate b. average product of labor c. marginal product of labor d. total product of labor e. marginal output of labor
Other things the same, an increase in the price level causes the interest rate to
a. increase, the dollar to depreciate, and net exports to increase. b. increase, the dollar to appreciate, and net exports to decrease. c. decrease, the dollar to depreciate, and net exports to increase. d. decrease, the dollar to appreciate, and net exports to decrease.