Which of the following summarizes the information provided by a Lorenz curve?
A) the Gini coefficient
B) the slope (the rise divided by the run) of the Lorenz curve at a particular point on the curve
C) the income distribution ratio
D) the Lorenz coefficient
A
Economics
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Refer to Figure 8A.1. Capital deepening occurs as long as
A) total saving exceeds depreciation. B) the level of Y is increasing. C) total saving and depreciation are equal. D) depreciation exceeds total saving.
Economics
The demand curve of a monopolist is:
a. perfectly price inelastic. b. downward sloping. c. perfectly price elastic. d. upward rising.
Economics