The Lorenz curve:
A. plots graphically the poverty rate over time.
B. is located closer to the diagonal today than it was in 1975.
C. plots graphically the distribution of income.
D. is located farther from the diagonal when income is defined to include the value of noncash
transfers.
Answer: C
Economics
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A) shortage; domestic; rise B) surplus; domestic; rise C) shortage; foreign; rise D) surplus; foreign; fall
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For an open economy, which of the following expressions represents net exports (NX)?
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Economics