A Lorenz curve can be used to illustrate
A) the supply of labor.
B) the substitution effect.
C) the income effect.
D) the distribution of income.
D
Economics
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If chain-weighted increases in real GDP for 2002-03, 2003-04, 2004-05, 2005-06, and 2006-07 are 5%, 4%, 2%, 1%, and 3% respectively, and nominal GDP in the 2002 base year is $6244.4 billion, then chain-weighted real GDP for 2007 is
A) $6987.02 billion. B) $7,181.06 billion. C) $7235.6 billion. D) $7239.0 billion.
Economics
The unfunded nature of the Social Security system has no effect on investment
a. True b. False
Economics