Which statements are TRUE? A. Modern sector enlargement assures a better Lorenz Curve for a nation. B. The average poverty gap measures the sum of the differences the income of each person from the absolute poverty line. C. The multidimensional poverty index gives equal weight to all eight indicators. D. The normalized income shortfall is a measure of income inequality.
Which statements are TRUE? A. Modern sector enlargement assures a better Lorenz Curve for a nation. B. The average poverty gap measures the sum of the differences the income of each person from the absolute poverty line. C. The multidimensional poverty index gives equal weight to all eight indicators. D. The normalized income shortfall is a measure of income inequality.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which statements are TRUE?
A. Modern sector enlargement assures a better Lorenz Curve for a nation.
B. The average poverty gap measures the sum of the differences the income of each person from the absolute poverty line.
C. The multidimensional poverty index gives equal weight to all eight indicators.
D. The normalized income shortfall is a measure of income inequality.
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