If a Lorenz curve for income moves rightward and becomes more bowed out over time, then
A) the population is growing.
B) income is growing.
C) income is being more equally distributed.
D) income is being more unequally distributed.
D
Economics
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Under Purchasing Power Parity
A) E$/E = PUS/PE. B) E$/E = PE/PES. C) E$/E = PUS + PE. D) E$/E = PUS - PE. E) E$/P = PUS/PE.
Economics
When a household takes extra (unbudgeted) money on a trip, economists would classify this money as held for a(n):
a. speculative demand. b. transactions demand. c. emergency motive. d. precautionary demand. e. inflationary motive.
Economics