Which of the following is not a true statement about the Lorenz curve? A. The Lorenz curve does not consider age differences among wage earners. B. The Lorenz curve does not include unreported income obtained from the underground economy. C. The Lorenz curve does not consider different sizes of households. D. The Lorenz curve includes both money income and income in kind.
Which of the following is not a true statement about the Lorenz curve? A. The Lorenz curve does not consider age differences among wage earners. B. The Lorenz curve does not include unreported income obtained from the underground economy. C. The Lorenz curve does not consider different sizes of households. D. The Lorenz curve includes both money income and income in kind.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter28: The Distribution Of Income And Poverty
Section: Chapter Questions
Problem 2WNG
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Question
Which of the following is not a true statement about the Lorenz curve?
A.
The Lorenz curve does not consider age differences among wage earners.
B.
The Lorenz curve does not include unreported income obtained from the underground economy.
C.
The Lorenz curve does not consider different sizes of households.
D.
The Lorenz curve includes both money income and income in kind.
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