A Lorenz curve shows the:
a. number of people in an economy living below the poverty line.
b. percentage of children in an economy who are not receiving adequate nutrition.
c. percentage of the economy's population benefiting from government spending programs.
d. percentage of an economy's total income each part of the population receives.
e. percentage of the population whose income is dependent on sales to foreign countries.
d
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If real GDP grows at a faster rate than does population, then the standard of living, as measured by real GDP per person,
A) worsens. B) remains the same. C) cannot be measured. D) improves. E) either improves, worsens, or stays the same, depending on the size of the population and the actual level of real GDP.
Which of the following is true?
A) The real interest rate is always positive. B) The nominal interest rate is usually negative. C) The real interest rate can be negative. D) The real interest rate can never be zero. E) The nominal interest rate is usually less than the real interest rate.