In Country X, the highest 10 percent of families account for 70 percent of the income. In Country Y, the highest 10 percent of families account for 20 percent of the income. In this example:

a. Country Y would be located on the line of perfect inequality.
b. income is more equally distributed in Country Y.
c. income is more equally distributed in Country X.
d. Country X would be located on the line of perfect equality.
e. the degree of income inequality is equal in both the countries.

b

Economics

You might also like to view...

As concentration in an industry increases, the Herfindahl index falls

a. True b. False

Economics

Which of the following is a tool of commercial policy?

a. Corporate income tax b. Payroll tax c. Excise duty d. Tariff e. Octroi duty

Economics