--%>

Income Distribution in Lorenz Curve

When line 0D0' represents the 1929s U.S. income distribution and line 0B0'shows the 1975 income distribution, in that case the 2005 year’s income distribution would be signified by: (i) line 0A0'. (ii) line 0B0'. (iii) line 0C0'. (iv) line 0D0'. (v) line 0E0'.

1580_Problem on Lorenz Curve1.png

Can someone explain/help me with best solution about problem of Economics ...

   Related Questions in Microeconomics

  • Q : Define deficit budget Deficit budget :

    Deficit budget: When expenditure of the government is greater than its receipts, it is termed as deficit budget.

  • Q : Problem on Elasticity formula Whenever

    Whenever the price of plastic moose heads increase from $5 to $7, monthly sales fall from 2000 to 1000 units. By using the arc elasticity formula, the price elasticity of demand will be: (i) 3.0. (ii) 1/3. (iii) 2.0. (iv) 2.5.

    Q : Net income by negative income tax Under

    Under the negative income tax system demonstrated in this figure, a family of four along with no earned income would have a net after-tax income of: (1) $15,000 per year. (2) $10,000 per year. (3) $5,000 per year. (4) $2,500 per year. (5) $0 per year.

  • Q : Competitive Markets and Labor unions I

    I have a problem in economics on Competitive Markets-Labor unions. Please help me in the following question. The purely competitive labor markets are not characterized through: (1) Most of the individual buyers and sellers of the labor services. (2) S

  • Q : Sunk cost Give the answer of following

    Give the answer of following question. Which of the following sayings associate most closely to the idea of sunk costs? 1) Don't cry over spilt milk. 2) A bird in the hand is worth two in the bush. 3) He who hesitates is lost. 4) Show me the money.

  • Q : Imposition of price ceilings The

    The imposition of price ceilings which are below equilibrium generally results within: (w) shortages and net decreases in economic efficiency. (x) more efficient allocations of scarce resources. (y) greater consumer satisfaction and b

  • Q : Question based on GDP In calculating

    In calculating the GDP national income accountants: A) treat inventory changes as an adjustment to personal consumption expenditures. B) ignore inventories because they do not represent final goods. C) subtract increases in inventories or add decreases in inventories.

  • Q : Average expected revenue by selling

    Each firm will shut down whenever the average expected revenue through selling output cannot equivalent or exceed expected as: (i) average total cost. (ii) marginal cost. (iii) average fixed cost.  (iv) average variable costs.

  • Q : Similarity of elasticities of demand

    When a price hike for regular gas from $2.00 to $2.20 reduces quantity demanded from 20 million gallons to 19 million gallons daily, and an raise in the price of premium gas from $3.00 to $3.20 decreases its quantity demanded daily from 20 million gal

  • Q : Predictable Flows of Income Vigorous

    Vigorous competition for predictable flows of income recommends that federal agricultural subsidies will tend to be rapidly: (1) spent because most farmers lack sufficient budgeting skills. (2) capitalized within higher prices for farm land. (3) slash