The Lorenz curve shows what portion of total money income is accounted for by
A) different proportions of a country's households.
B) only the wealthiest citizens.
C) only poor people.
D) taxpaying citizens only.
Answer: A
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It is widely known among baseball enthusiasts that Babe Ruth actually performed quite well as a pitcher before leaving the Boston Red Sox for the New York Yankees. He was also of course a famously successful hitter
Why do you believe the Yankees chose not to use him as a pitcher? Explain using economic reasoning. Hint: pitchers typically only play every third or fourth game whereas other players in other positions play in nearly every game. Baseball has a season of 162 games.
Over half of the increase in labor productivity in India since 1993 has been due to
A) the growth rate of the capital stock. B) total factor productivity growth. C) a decrease in the population. D) successful infrastructure investment.