Draw and explain a Lorenz curve
What will be an ideal response?
In the above figure, the curve displaying the actual money income distribution is the Lorenz curve. The farther the Lorenz curve is from the 45-degree line that shows what the curve would be if money income were equally distributed, the more unequal is the actual distribution of income.
Economics
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Which of the following is the Title that protects race?
a. title iv b. title v c. title vi d. title vii
Economics
As currently calculated, the CPI tends to overstate the true inflation rate because
A) we cannot know what the true inflation rate is. B) it fails to correctly measure quality changes for some products. C) the market basket selected is inappropriate. D) the market basket fails to weigh housing costs sufficiently.
Economics