The Lorenz curve shows the:
a. growth of income over time compared to potential growth of income.
b. relative percentage of income going to each of the resources.
c. demand for unskilled versus unskilled labor.
d. actual cumulative percentage of income received compared to a perfectly equal cumulative percentages of income.
d
Economics
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Gross domestic product in the economy is measured by the
A) total number of services produced in the economy. B) dollar value of all final goods and services produced in the economy. C) total number of goods and services produced in the economy. D) total number of goods produced in the economy.
Economics
Economic freedom and economic prosperity are
A) positively correlated. B) negatively correlated C) not correlated. D) inconsistent with human rights.
Economics