Some economists criticize the Lorenz curve because it
A. measures unreported income earned in the underground economy.
B. uses after-tax income when pre-tax income is more appropriate.
C. includes too many things in measuring income, such as food stamps, housing aid, and other government programs.
D. does not account for the effect of age on a family's income.
Answer: D
Economics
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Debt service payments appear in
(a) the current account. (b) the capital account. (c) the cash account. (d) errors and omissions.
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By looking at the graph showing growth of government expenditures as a percentage of GDP in the United States from 1929 to 2017, we can see that expenditures were lowest in ______.
a. 1929 b. 1945 c. 1959 d. 2005
Economics