In the last 15 years, the U.S. Lorenz curve has
a. become a straight line
b. become a decreasing curve
c. moved closer to the diagonal
d. moved further from the diagonal
e. not shifted but there has been an upward movement along the curve
D
Economics
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According to classical growth theory, people earn only a subsistence real income because of growth in
A) technology. B) employment. C) population. D) labor productivity. E) capital.
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Inward-oriented development strategies focus on exports of goods and services
a. True b. False Indicate whether the statement is true or false
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