The figure above shows two Lorenz curves, one before income redistribution and one after income redistribution. The difference between the two curves equals
A) market income.
B) money income.
C) the redistribution of income.
D) the amount of taxes paid.
C
Economics
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Most statistical studies on the relationship between real interest rates and saving conclude that higher real interest rates
a. increase saving. b. tend to decrease saving. c. tend to decrease both consumption and saving. d. have no effect on saving.
Economics
Economic theory is necessary and extremely important because of its relationship to economic policy.
Answer the following statement true (T) or false (F)
Economics