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Which of the following statements is/are TRUE? I. Country A has the least inequality in income distribution. II. The distribution of income in Country B is more equitable than in Country C. II. Country A has the highest Gini index. IV. There is greater inequality in income distribution in Country A than in Country B.

Which of the following statements is/are TRUE? I. Country A has the least inequality in income distribution. II. The distribution of income in Country B is more equitable than in Country C. II. Country A has the highest Gini index. IV. There is greater inequality in income distribution in Country A than in Country B.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Let y = L1(x), y = L2(x), y= L3(x) be the Lorenz curves of Country A, B and C, respectively. 0.8 0.6 y = La(x) 0.4 y = L2(z) y = LiY 0.2 02 04 06 Which of the following statements is/are TRUE? I. Country A has the least inequality in income distribution. II. The distribution of income in Country B is more equitable than in Country C. III. Country A has the highest Gini index. IV. There is greater inequality in income distribution in Country A than in Country B.
Transcribed Image Text:Let y = L1(x), y = L2(x), y= L3(x) be the Lorenz curves of Country A, B and C, respectively. 0.8 0.6 y = La(x) 0.4 y = L2(z) y = LiY 0.2 02 04 06 Which of the following statements is/are TRUE? I. Country A has the least inequality in income distribution. II. The distribution of income in Country B is more equitable than in Country C. III. Country A has the highest Gini index. IV. There is greater inequality in income distribution in Country A than in Country B.
I only I and Il only Il and III only 1, Il and III only
Transcribed Image Text:I only I and Il only Il and III only 1, Il and III only
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