The total income generated from all activities b. The degree of inequality in the distribution of income within a country c. The progressivity of the income-tax structure within a country d. The extent of wage differences among workers in similar occupations e. The change in the poverty rate within a country over time

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter12: Income Distribution, Poverty, And Discrimination
Section: Chapter Questions
Problem 1SQP
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The Lorenz curve is used to show which of the following?

a. The total income generated from all activities
b. The degree of inequality in the distribution of income within a country
c. The progressivity of the income-tax structure within a country
d. The extent of wage differences among workers in similar occupations
e. The change in the poverty rate within a country over time
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